JPMorgan Revives Co-President Structure to Anchor Succession Plans as Dimon Stays Put

JPMorgan Chase named Doug Petno and Troy Rohrbaugh Co-Presidents on June 25, signaling the board wants a defined successor cohort visible to investors and regulators. Earlier candidates—Gordon Smith and Daniel Pinto—departed or stepped back. The structure keeps both internal contenders engaged and lets the board assess performance under pressure before choosing Dimon's eventual replacement. Dimon announced plans to remain CEO, with no stated departure timetable.