April 8 (Reuters) – JPMorgan Chase’s (JPM.N), opens new tab board identified potential successors to CEO Jamie Dimon, paving the way for a leadership transition at the largest U.S. bank.
The board is “spending significant time on developing operating committee members who are well-known to shareholders as strong potential CEO candidates” in the medium term, it said in a proxy statement.
Dimon, 68, has run JPMorgan for more than 18 years and become one of the most influential figures in American business.
Contenders for the top job include Jennifer Piepszak and Troy Rohrbaugh, recently appointed co-CEOs of JPMorgan’s expanded commercial and investment bank, Marianne Lake, CEO of consumer and community banking, and Mary Erdoes, CEO of asset and wealth management.
Succession is in focus across Wall Street, with new CEOs taking over at Morgan Stanley and Lazard in recent months. Other banks have rotated executives around divisions to give them a more well-rounded experience.
Source: REUTER
