JPMorgan Chase Reshuffles Top Executives, Fuels Succession Speculation
Jennifer Piepszak and Troy Rohrbaugh to Co-Lead New Commercial and Investment Bank; Marianne Lake to Head Consumer and Community Banking
- JPMorgan Chase has reshuffled its top executives, sparking speculation about succession plans for CEO Jamie Dimon.
- Jennifer Piepszak and Troy Rohrbaugh will serve as co-CEOs of a newly formed commercial and investment bank, while Marianne Lake will be the sole CEO of consumer and community banking.
- Daniel Pinto, the bank's president and chief operating officer, will focus on overseeing all of JPMorgan's lines of business.
- The reshuffle is seen as a way for potential successors to gain experience, with Piepszak, Lake, and Pinto viewed as potential contenders for the CEO role.
- The changes come as JPMorgan continues to perform strongly, with shares up 23% over the past year.