Daniel Pinto, President and Chief Operating Officer of JPMorgan Chase, speaks at the Semafor 2024 World Economic Summit in Washington, DC, April 18, 2024.
Saul Loeb | AFP | Getty Images
JPMorgan Chase Chief Operating Officer and President said Tuesday Daniel Pinto The roles will be relinquished in the coming months, triggering an executive reshuffle that will have implications for CEO succession planning Jamie Dimon.
Pinto, who has worked at JPMorgan and its predecessor companies for more than four decades, will step down as chief operating officer and president in June and retire at the end of 2026. said the bank.
The company’s new chief operating officer is Jennifer Piepszak, co-head of commercial and investment banking, who along with consumer banking chief Marianne Lake is widely seen as the front-runner to succeed Dimon. Best competitor.
In his new role, Pipzak will oversee the massive financial giant’s technology, operations, data and analytics operations, as well as its overseas operations.
But as part of the announcement, the company took the unusual step of saying Pipczak’s intention was to remain in a supporting role as CEO rather than compete for the top job.
A company spokesperson said: “Jenn has made it clear that she would prefer a senior operating role working closely with Jamie and supporting the top leadership team, and does not wish to be considered for the CEO position at this time. “She is committed to the future of the company , and want to help in any way we can.”
This story is developing. Please check back for updates.
