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JPMorgan CEO Race Narrows: Rohrbaugh and Petno Emerge After Lake's Exit
At 25:48 · chapter starts 24:04
Sridhar Natarajan explains how JPMorgan's succession field narrowed from three to two after Marianne Lake's departure, with Troy Rohrbaugh now running consumer and Doug Petno heading Wall Street. [1] — Sridhar Natarajan "JPMorgan's succession drama just got cleaner. Marianne Lake — arguably the long-time front runner — is out. Jen Piepszak voluntarily bowed …" 24:17
Troy Rohrbaugh received a one-time $30 million award as a retention bonus as part of his promotion to JPMorgan co-president.
Jamie Dimon has led JPMorgan Chase for 20 years and has signaled he wants to remain in the role for a few more years.
JPMorgan's succession drama just got cleaner. Marianne Lake — arguably the long-time front runner — is out. Jen Piepszak voluntarily bowed out earlier. That leaves Troy Rohrbaugh, now running the consumer bank, and Doug Petno, now sole head of Wall Street operations, as the two finalists for the most consequential job in American finance.
