Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko
The two apparent front-runners to succeed
JPMorgan Chase s (NYSE:JPM) longtime and legendary CEO Jamie Dimon will now co-head the company s Consumer & Community Banking (CCB) division, JPMorgan announced today.
Marianne Lake, CEO of consumer lending, and Jennifer Piepszak, CFO of the entire company, will become co-heads of CCB, effective immediately.
As the new heads of the CCB, Lake and Piepszak will be responsible for home lending, auto finance, small business lending, U.S. wealth management, and Chase s consumer banking and credit card businesses. The bank s CCB last year generated more than $50 billion in total revenue.
JPMorgan Chase elevates two women to senior positions, fueling succession talk.
Jennifer Piepszak, left, and Marianne Lake were named joint heads of JPMorgan’s consumer and community bank.Credit.JPMorgan; Reuters
May 18, 2021
JPMorgan Chase named two female executives as joint heads of its largest division, potentially paving the way for the nation’s largest bank to be led by a woman.
Marianne Lake, chief executive of the consumer lending division, and Jennifer Piepszak, chief financial officer, both age 51, were named heads of JPMorgan’s consumer and community bank, the sprawling division that handles auto loans, mortgages and private wealth management for bank customers. Their promotions are effective immediately.
JPMorgan Chase promotes two women as potential Dimon successors
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18/05/2021 - 20:51 JPMorgan Chase announced several leadership changes, establishing potential successors to Chief Executive Jamie Dimon Kena Betancur Afp/AFP/File 2 min
New York (AFP)
JPMorgan Chase promoted two female executives Tuesday who are potential successors to Chief Executive Jamie Dimon as it announced several leadership shifts near the top of the bank.
The biggest US bank by assets, JPMorgan said in a securities filing that Marianne Lake and Jennifer Piepszak would serve as co-chiefs of its Consumer & Community Banking business, putting the two executives in line to potentially take over Dimon.
When the largest U.S. bank last shook up its leadership two years ago, about a half-dozen names appeared on lists of Dimon’s potential heirs. But another overhaul announced Tuesday pushed two women toward the front of the field: Marianne Lake and Jennifer Piepszak.
The bank named them co-heads of its massive consumer and community banking business, a spot that was held by one of Dimon’s two lieutenants, co-President Gordon Smith, who’s retiring at the end of the year. The remaining co-president, Daniel Pinto, is widely seen as the obvious replacement for Dimon in an emergency, but as a less likely candidate in a slow and orderly handoff to the next generation.
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