JP Morgan Names Petno, Rohrbaugh as Co-presidents and Possible Dimon Successors

Dow Jones06-25 21:02

JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents of the country's largest bank, setting them up as potential successors to 70-year-old CEO Jamie Dimon.

In a filing early Thursday , the bank also said Marianne Lake, the current head of JP Morgan's consumer and community banking division, has decided to retire.

The bank said Petno, 61, now co-CEO of the commercial and investment bank, will become sole CEO of that division, and Rohrbaugh, 56, who had been co-CEO of the commercial and investment bank, will become CEO of the consumer and commercial banking division, succeeding Lake.

The bank said the "promotions of Messrs. Petno and Rohrbaugh to Co-Presidents and sole CEOs of the Firm's two largest businesses are part of the Board's ongoing succession planning designed to ensure continued exceptional leadership at the highest levels of the company.

Write to Andrew Bary at andrew.bary@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 25, 2026 09:02 ET (13:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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