Image via PYMNTS
JPMorgan Chase: Leadership Change
JPMorgan Chase promoted Doug Petno and Troy Rohrbaugh to co-presidents as part of CEO succession planning. Petno becomes sole CEO of Commercial & Investment Banking; Rohrbaugh becomes CEO of Consumer & Community Banking. Marianne Lake, current CCB CEO, retiring after 25+ years.
Source: PYMNTS
The leadership read
Leadership transitions often precede broader the sector bench-strengthening over the next two quarters.
“dedicated her career to championing our people and customers, building world-class businesses and delivering results, always with unquestioned integrity”
“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”
Market context: This lands while the Talent Market Index reads 113.8 (Hot) — up 13.7 versus the prior month — and Americas signal share is easing (-3pts).
JPMorgan Chase: 5 signals in the last 90 days; 0.3% of MitchelLake's Americas signal flow; 5 tracked across 43 days.
Also at JPMorgan Chase →
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