Jamie Dimon has run JPMorgan Chase for nearly two decades. On January 14, 2025, JPMorgan announced a sweeping executive reshuffle that restructures the top of the organization and puts the succession question front and center.
What actually changed at the top
The biggest move is the departure of Daniel Pinto, JPMorgan’s President and COO, who will retire by the end of 2026. Pinto has spent 40 years at the bank, the last stretch serving as Dimon’s closest deputy.
Pinto will formally hand off his operational duties in June 2025, giving successors roughly six months of overlap before he exits entirely.
Stepping into the COO role is Jennifer Piepszak, a senior executive who has held major positions across the firm’s consumer and commercial banking divisions. Piepszak has publicly stated she does not want to be considered for the CEO position, at least not right now.
