JPMorgan Sets Up Two Contenders to Succeed Dimon

JPMorgan named Doug Petno and Troy Rohrbaugh co-presidents, marking them as frontrunners to eventually replace CEO Jamie Dimon. Petno now leads the Commercial & Investment Bank; Rohrbaugh runs Consumer and Community Banking—divisions generating most of the bank's profit. The structure lets the board observe how each executive handles different market conditions before deciding on a successor.