JP Morgan Appoints Co-CEOs of the Commercial & Investment Bank (CIB) Doug Petno & Troy Rohrbaugh as JP Morgan Co-Presidents (25/6/26) in Succession Planning, Doug Petno Will Also be Sole CEO of Commercial & Investment Bank (CIB) and Troy Rohrbaugh Will be CEO of Consumer & Community Banking (CCB), Current CCB CEO Marianne Lake Will Retire after 25 Years at JP Morgan
26th June 2026 | Hong Kong
JP Morgan ($898 billion market value) has announced the appointments of Co-CEOs of the Commercial & Investment Bank (CIB) Doug Petno & Troy Rohrbaugh as JP Morgan Co-Presidents (25/6/26) in succession planning. Doug Petno will also be sole CEO of Commercial & Investment Bank (CIB) and Troy Rohrbaugh will be CEO of Consumer & Community Banking (CCB). Current CCB CEO Marianne Lake will retire after 25 years at JP Morgan. Announcement (25/6/26): “JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) announced today that Doug Petno and Troy Rohrbaugh, Co-CEOs of the Commercial & Investment Bank (“CIB”), have been named Co-Presidents of the company, effective immediately. In addition to their new roles, Petno will become sole CEO of the CIB, and Rohrbaugh will become CEO of Consumer and Community Banking (“CCB”). The promotions of Petno and Rohrbaugh to Co-Presidents and sole CEOs of the company’s two largest businesses are part of the Board’s ongoing succession planning process to ensure continued exceptional leadership at the highest levels of the company. Marianne Lake, currently CEO of CCB, has decided to retire from the company after more than 25 years of outstanding service. Lake will work with Rohrbaugh and other senior executives over the coming weeks to help ensure a smooth transition. Other leadership roles, including Mary Erdoes, CEO of Asset & Wealth Management, and Jennifer Piepszak, Chief Operating Officer, remain unchanged. The two new Co-Presidents, as well as Erdoes and Piepszak, will continue to report to Dimon.” In 2026 January, JP Morgan Chairman & CEO Jamie Dimon (Age 70) was planning to remain as CEO for at least 5 years. In 2024 May, Jamie Dimon announced to step down in less than 5 years. JP Morgan Board says Jamie Dimon CEO transition is top priority in medium term. Jamie Dimon was appointed as CEO in 2006 (1/1/06). Jamie Dimon is billionaire with $3 billion fortune.
“ JP Morgan Appoints Co-CEOs of the Commercial & Investment Bank (CIB) Doug Petno & Troy Rohrbaugh as JP Morgan Co-Presidents (25/6/26) in Succession Planning, Doug Petno Will Also be Sole CEO of Commercial & Investment Bank (CIB) and Troy Rohrbaugh Will be CEO of Consumer & Community Banking (CCB), Current CCB CEO Marianne Lake Will Retire after 25 Years at JP Morgan “
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Jamie Dimon, Chairman and CEO: “The changes announced today mark an important step in our Board’s thoughtful process around succession planning and development of our top leaders. We are fortunate to have in place an exceptional group of senior leaders, not only at our Operating Committee level but across our organization, and I’ve never been more excited about the future of JPMorganChase … … The decision to elevate Doug and Troy to Co-Presidents and heads of the company’s two largest businesses reflects the Board’s confidence in their extraordinary leadership capabilities, business performance, relationships, experience and commitment to always doing the right thing. Marianne Lake has served our company with distinction for more than 25 years as head of CCB, Chief Financial Officer, a member of the Operating Committee and other key roles. She has been an outstanding partner and friend and has dedicated her career to championing our people and customers, building world-class businesses and delivering results, always with unquestioned integrity. We will miss her and wish her all the best in the future.”
JP Morgan – JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally.
$859 Billion JP Morgan Chairman & CEO Jamie Dimon (Age 69) Plans to Remain as CEO for at Least 5 Years, Announced in 2024 May to Step Down in Less than 5 Years, JP Morgan Board Says Jamie Dimon CEO Transition is Top Priority in Medium Term, Appointed as CEO in 2006, Jamie Dimon is Billionaire with $3 Billion Fortune
17th January – JP Morgan ($859 billion market value) Chairman & CEO Jamie Dimon (Age 69) is planning to remain as CEO for at least 5 years. In 2024 May, Jamie Dimon announced to step down in less than 5 years. JP Morgan Board says Jamie Dimon CEO transition is top priority in medium term. Jamie Dimon was appointed as CEO in 2006 (1/1/06). Jamie Dimon is billionaire with $3 billion fortune.
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