JPMorganChase announced that Doug Petno and Troy Rohrbaugh have been named Co-Presidents of the company, effective immediately.
Petno and Rohrbaugh had been serving as Co-CEOs of JPMorganChase’s Commercial & Investment Bank. In addition to their new roles as Co-Presidents, Petno will become sole CEO of the Commercial & Investment Bank, while Rohrbaugh will become CEO of Consumer and Community Banking.
The leadership changes are part of JPMorganChase’s ongoing succession planning process. The company said the appointments are intended to support continued leadership at the highest levels of the organization.
Marianne Lake, currently CEO of Consumer and Community Banking, has decided to retire from JPMorganChase after more than 25 years with the company. Lake will work with Rohrbaugh and other senior executives over the coming weeks to help ensure a smooth transition.
Other leadership roles remain unchanged. Mary Erdoes will continue as CEO of Asset & Wealth Management, and Jennifer Piepszak will continue as Chief Operating Officer.
Petno, Rohrbaugh, Erdoes, and Piepszak will continue reporting to Jamie Dimon, Chairman and CEO of JPMorganChase.
JPMorganChase had $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026. The company is a global financial services firm with businesses across investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management.
KEY QUOTES:
“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.”
Jamie Dimon, Chairman and CEO of JPMorganChase
