Executive Changes at JPMorgan Chase - JPMorgan Chase announced significant executive role changes, raising questions about the potential successor to CEO Jamie Dimon [2][4] - Jennifer Piepszak, co-CEO of the Commercial and Investment Bank, will transition to the role of Chief Operating Officer (COO) after expressing her preference not to be considered for the CEO position [3][4] - Daniel Pinto, the current COO, will step down from his role at the end of June [3] - Doug Petno, co-head of Global Banking, will succeed Piepszak as co-CEO of the Commercial and Investment Bank alongside Troy Rohrbaugh [5] - John Simmons, head of Commercial Banking, will succeed Doug Petno in his current role [5] Market Performance and Earnings - JPMorgan Chase shares rose 1.3% to $247.47 on Tuesday, reflecting a 47% gain over the past 12 months [4] - The executive changes were announced ahead of the bank's fourth-quarter earnings report, scheduled for Wednesday [4][5] Potential CEO Successors - The executive reshuffle has shifted focus to Doug Petno, Troy Rohrbaugh, and Marianne Lake, CEO of Consumer and Community Banking, as potential candidates to succeed Jamie Dimon [5] - Jennifer Piepszak has expressed her preference for a senior operating role, working closely with Dimon and supporting the leadership team, rather than pursuing the CEO position [6]
JPMorgan Executive Changes Raise New Questions About Who Could Succeed Jamie Dimon