Helena Lyng Blak
6 weeks ago

JPMorgan Chase Board Identifies Potential Successors

The next CEO would succeed Jamie Dimon.
New York, USA - May 26, 2018: A man pass near JPMorgan Chase & Co office at the Park Ave in New York, NY.
Bumble Dee / Shutterstock.com

JP Morgan Chase’s board have named possible successors to current CEO Jamie Dimon, according to Reuters

The major American financial institution’s board reportedly is taking its time, spending significant energy on developing “strong potential CEO candidates” in order to build a foundation for a leadership transition in the coming years.

Jamie Dimon, 68, has been the chairman and CEO of JPMorgan Chase for 18 years, since 2006. The native New Yorker has become a billionaire largely through his stake in JPMorgan Chase. According to a Reuters report from 2023, Dimon sees himself remaining as CEO for another 2.5 years or so. 

Some possible successors include Jennifer Piepszak and Troy Rohrbaugh, and Marianne Lake. 

Piepszak and Rohrbaugh was announced as co-CEOs of the expanded Commercial & Investment Bank, which brings together JPMorgan Chase’s major wholesale businesses of Global Investment Banking, Commercial Banking, Corporate Banking, and Markets, Securities Services and Global Payment, in January of this year.

Piepszak has been with JPMorgan Chase for 30 years, joining in 1994. She served as CFO from 2019-2021. She was named one of the 100 most influential women in US finance by Barron’s in 2020.

Troy Rohrbaugh, as slightly less high profile, has been with JPMorgan Chase for nearly 20 years, joining in 2005. According to Euromoney, insiders are pointing to him as one of the bank’s major stars.

Marianne Lake has been with the bank for 25, since 1999. She preceded Piepszak as CFO, holding the position from 2013-2019. Since she has been CEO of consumer lending, co-head consumer and community bank alongside Piepszak, and since early 2024, the sole CEO of that. American Banker named her the second most powerful woman in banking in 2022. She is also the co-founder of JPMorgan’s initiative ‘Women on the Move’ which seeks to expand women-run businesses and support women's career advancements. 

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