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JPMorgan names CEO contender Jennifer Piepszak as its operations chief

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JPMorgan Chase on Tuesday promoted insider Jennifer Piepszak, seen as a strong contender for CEO Jamie Dimon's role, as its chief operating officer in place of Daniel Pinto, who will retire at the end of 2026.
JPMorgan Chase & Co. has appointed Jennifer Piepszak as its new Chief Operating Officer (COO) effective immediately, as announced on January 14, 2025. Piepszak, who previously served as co-head of the bank's consumer and community banking division alongside Marianne Lake, will now take on broader responsibilities within the bank's operations. This move is part of a broader executive reshuffle where Marianne Lake will become the sole CEO of the consumer and community banking unit. The changes come as JPMorgan aims to streamline its operations and enhance its strategic focus on technology and digital transformation. Piepszak's new role underscores her significant experience and the trust placed in her by the bank's leadership to drive operational efficiency and innovation.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/jpmorgan-names-jennifer-piepszak-its-new-coo-2025-01-14/ ]