JPMorgan says CEO transition is a top priority, cites doable Dimon successors

(Tiafx) – JPMorgan talked about on Monday that a wonderful CEO transition is the highest priority for its board within the medium term, as Jamie Dimon completes 18 years at the helm of a truly great U.S. monetary institution by belongings.

The board is “spending foremost time on growing running committee contributors who’re effectively-identified to shareholders as accurate doable CEO candidates,” it talked about in a proxy assertion.

They consist of Jennifer Piepszak and Troy Rohrbaugh, only within the near previous appointed co-CEOs of JPMorgan’s expanded industrial and funding monetary institution, client and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.

Meanwhile, President and Chief Working Officer Daniel Pinto persevered to be listed as the govt. who might maybe maybe step in for the CEO within the on the subject of term, as he did in 2020 when incumbent CEO Jamie Dimon had an emergency heart surgical treatment.

“Must the need arise within the on the subject of-term, we explore Mr. Pinto as a key govt who is straight away ready to fulfill the tasks of the CEO,” the assertion talked about.

In his annual letter to shareholders on Monday, Dimon hailed U.S. management and economic energy to shareholders, invoking “liberty and justice for all.”

Dimon, who took the reins in 2006, is among a community of monetary CEOs whose names were floated for senior economic roles in authorities.

The Wall Avenue Journal final week reported that allies of old faculty U.S. President Donald Trump had been thinking senior Wall Avenue executives, including Dimon, for the characteristic of Treasury secretary.

JPMorgan’s shares had been marginally higher in premarket procuring and selling. It’s miles determined to affirm first-quarter results on Friday.