JPMorgan Shakes Up Succession Race for Jamie Dimon With Two New Presidents

JPMorgan Chase named Doug Petno and Troy Rohrbaugh arsenic co-presidents of the company, putting them successful the pb arsenic candidates to win Chief Executive Jamie Dimon.

"The changes announced contiguous people an important measurement successful our Board's thoughtful process astir succession readying and improvement of our apical leaders," Dimon said.

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Petno and Rohrbaugh were antecedently co-CEOs of JPMorgan's commercialized and concern bank. Going forward, Petno volition go sole caput of the commercialized and concern bank, and Rohrbaugh volition pb user and assemblage banking.

Marianne Lake, the existent person of user and assemblage banking is acceptable to discontinue aft much than 25 years with the company, JPMorgan said.

Updates to travel arsenic quality develops.