Potential Jamie Dimon successor leaves JPMorgan as two co-presidents are named

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe promotions are part of the board’s ongoing succession planning (Getty Images)JPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents, a strategic move aimed at advancing the bank's succession planning.The pair had led the bank’s commercial and investment banking division since early 2024. Petno will serve as the sole CEO of the commercial and investment banking division and Rohrbaugh will replace Marianne Lake as CEO of the firm’s consumer and community banking division.Lake, a 25-year veteran at the finance giant, had been on the short list of possible replacements for Jamie Dimon, the CEO of Wall Street's largest bank who is marking his 20th year at the helm, but decided to retire.The appointments are perceived to potentially narrow the field of senior executives who are considered as future successors to Dimon.Jamie Dimon is widely recognized for his significant influence within the financial industry, with his insights on the economy, regulation, and financial markets closely observed by investors and policymakers alike.Thank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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