Co-CEOs of Commercial & Investment Bank at JPMorganChase, Troy Rohrbaugh and Douglas Petno.
Courtesy: JPMorganChase
JPMorgan Chase on Thursday promoted two of its top executives into newly created co-president roles, marking the latest step in CEO Jamie Dimon‘s long-running succession planning while announcing the retirement of one of Dimon”s most prominent potential successors.
Doug Petno and Troy Rohrbaugh, who have jointly led the bank’s commercial and investment banking division since early 2024, were named co-presidents of JPMorgan effective immediately, according to a regulatory filing.
As part of the changes, Petno becomes the sole CEO of the Commercial & Investment Bank, while Rohrbaugh will take over as CEO of the firm’s Consumer & Community Banking division, replacing Marianne Lake.
The moves are “part of the Board’s ongoing succession planning designed to ensure continued exceptional leadership at the highest levels of the company,” JPMorgan said in the filing.
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