Marianne Lake is retiring from JPMorgan, taking her out of the running to take over as CEO from Jamie Dimon.

Dimon, who turned 70 in March, has been JPMorgan's boss for two decades, steering it through the financial crisis.

JPMorgan named Doug Petno and Troy Rohrbaugh as co-presidents after Marianne Lake's retirement, reshaping the race to succeed CEO Jamie Dimon.