UPDATE 1-JPMorgan names Doug Petno, Troy Rohrbaugh as co-presidents

Jpmorgan Chase

Jpmorgan Chase

JPM

0.00

Adds details and background throughout

June 25 (Reuters) - JPMorgan Chase JPM.N on Thursday named insiders Doug Petno and Troy Rohrbaugh as co-presidents of the bank.

Rohrbaugh will become CEO of consumer and community banking, as Marianne Lake, who led the business, is set to retire, JPMorgan said.

Petno will become sole CEO of the commercial and investment bank as part of a leadership shuffle.

"The promotions of Petno and Rohrbaugh to co-presidents and sole CEOs of the company's two largest businesses are part of the board's ongoing succession planning process," the company said in a statement.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.