JPMorgan Names Two Co-Presidents as Dimon Succession Front-Runners

JPMorgan Chase appointed Doug Petno and Troy Rohrbaugh as co-presidents, positioning them as primary candidates to eventually replace CEO Jamie Dimon. Petno assumes sole control of the Commercial & Investment Bank; Rohrbaugh takes Consumer and Community Banking. Together these divisions account for the bulk of JPMorgan's revenue. The co-president structure lets the board evaluate how each executive manages distinct business cycles before naming a successor—a timeline Dimon has not disclosed.