JPMorgan Chase CEO Jamie Dimon told analysts and investors Monday that he's likely to depart from the company within the next five years as his succession plan starts to come into focus. Dimon made the comments during a question-and-answer session with analysts at JPMorgan Chase's annual investor day. His remarks included a notable shift from his past comments on succession planning, though he opted against giving a definitive timeline.
Morgan's board in April identified potential successors to Dimon on a short- and long-term basis. If Dimon needs an immediate successor, it would likely be Daniel Pinto, the bank's president and chief operating officer. Pinto served as acting CEO in 2020 when Dimon underwent emergency heart surgery. Jennifer Piepszak and Troy Rohrbaugh are candidates for the top job when Dimon eventually departs. The two are co-CEOs of the company's expanded commercial and investment bank.
Lake and Piepszak were among the executives tasked with integrating First Republic Bank into JPMorgan when it was acquired last year following its failure amid turmoil in the regional banking sector. Erdoes has worked with the company for over 25 years and has led the asset and wealth management division since 2009.
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