Overview

• JPMorgan Chase announced a major leadership reshuffle as COO Daniel Pinto prepares to step down in June 2025 and retire fully by the end of 2026.
• Jennifer Piepszak, previously Co-CEO of the Commercial and Investment Bank, has been named COO but has stated she does not want to be considered for the CEO position.
• The changes leave the field open for other potential successors, including Marianne Lake, Mary Erdoes, and Troy Rohrbaugh, all of whom are long-time JPMorgan executives.
• CEO Jamie Dimon reiterated plans to retire within four to five years, citing health considerations, but emphasized that no final decision on his successor has been made.
• The reshuffle underscores JPMorgan's focus on maintaining continuity and leadership stability as it navigates a competitive financial landscape.