Good morning. CEO succession planning can be challenging as the board must identify a leader with the right skills and experience. So choosing a successor for Jamie Dimon, CEO of JPMorgan Chase, the largest U.S. bank by assets, is a tall order.
Two executives once considered top contenders for the CEO job at JPMorgan, have exited the race to succeed Dimon. Daniel Pinto, president and chief operating officer (COO), will step down from his role on June 30, and will officially retire in 2026, the firm announced in January. And Jennifer Piepszak, who will take his place as COO, claims to have no interest in taking the top job. Piepszak, a more than 30-year veteran at the firm, served as co-chief executive officer of the commercial and investment bank since January 2024. She was also previously CFO.
