JPMorgan Executive Changes Raise New Questions About Who Could Succeed Jamie Dimon | Global News Avenue

JPMorgan Chase (JPMorgan Chase) announced a slew of executive changes on Tuesday that raise new questions about who could succeed the CEO Jamie Dimon The highest position in the bank.

One executive once considered a contender, Jennifer Piepszak, co-chief executive of the company’s commercial and investment banking business, will become the company’s chief executive. chief operating officer After notifying the bank, she did not want to be viewed as a potential replacement for Dimon. Daniel Pinto, the bank’s current chief operating officer, will step down at the end of June.

JPMorgan spokesman Brian Marchiony said: “Jenn has made it clear that she would prefer to serve in a senior operating role working closely with Jamie and supporting the senior leadership team moving forward, adding that she is currently don’t want to be considered for the CEO position,” told Investment Encyclopedia in a statement on Tuesday.

JPMorgan Chase releases announcement ahead of Wednesday’s earnings report

The bank also announced the appointment of Doug Petno, co-head of global banking, as Piepszak’s successor to lead JPMorgan’s commercial and investment banking alongside current co-CEO Troy Rohrbaugh. John Simmons, head of commercial banking, will succeed Petno.

Those moves could make Petno, Rohrbaugh and consumer and community bank CEO Marianne Lake potential successors to Dimon. Yahoo! finance and Bloomberg reported on Tuesday.

The banking giant is Set as report Fourth-quarter earnings are released Wednesday morning.

JPMorgan Chase shares edged up 1.3% on Tuesday to close at $247.47. Their shares are up about 47% in the past 12 months.