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Troy Rohrbaugh

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Dimon narrows JPMorgan succession to two as Lake exits
business3 hours ago

Dimon narrows JPMorgan succession to two as Lake exits

Jamie Dimon has reshaped JPMorgan Chase’s CEO succession, narrowing the field to two candidates—Doug Petno and Troy Rohrbaugh—and sidelining Marianne Lake, who has left after remaining in the running. Rohrbaugh will run the retail business, Petno will lead the combined commercial and investment bank, and Dimon plans to stay on as executive chair for a period. The moves reinforce Dimon’s grip on the bank’s future as its stock climbs to new highs.

via Financial Times|
#business#jamie-dimon#jpmorgan-chase
JPMorgan Narrows Succession Race as Top Leaders Shift Ahead of Dimon’s Exit
business14 hours ago

JPMorgan Narrows Succession Race as Top Leaders Shift Ahead of Dimon’s Exit

JPMorgan Chase announced a major leadership reshuffle as it moves its succession planning for Jamie Dimon forward: Doug Petno and Troy Rohrbaugh were elevated to co-presidents of the bank’s commercial and investment banking unit, with Petno set to become sole CEO of that unit and Rohrbaugh to take over Marianne Lake’s consumer-banking role (Lake staying on briefly to aid the transition). The board also granted $30 million retention awards to both Petno and Rohrbaugh, underscoring the belief that the race to succeed Dimon has narrowed to these two executives. Dimon remains executive chairman and has signaled he plans to stay for several more years.

via Yahoo Finance|
#business#doug-petno#jamie-dimon