JPMorgan Chase CEO Jamie Dimon hinted at potentially stepping down as head of the nation's largest lender sooner than expected during an investor day gathering of shareholders on Monday. The 68-year-old Wall Street titan told analysts that the timetable for his retirement is 'not five years anymore,' although he did not elaborate further on when he might step down.
Dimon said succession plans at JPMorgan Chase are 'well on the way' and it's up to the board, not him, to decide. He added that he still has the energy he's always had and will leave when he can no longer put on the jersey.
JPMorgan Chase CEO Jamie Dimon hinted at potentially stepping down as head of the nation’s largest lender sooner than expected during an investor day gathering of shareholders on Monday. The 68-year-old Wall Street titan told analysts that the timetable for his retirement is ‘not five years anymore,’ although he did not elaborate further on when he might step down.
Dimon said succession plans at JPMorgan Chase are ‘well on the way’ and it's up to the board, not him, to decide. He added that he still has the energy he's always had and will leave when he can no longer put on the jersey.
Succession plans at JPMorgan Chase are reportedly well underway with several potential candidates identified including Jennifer Piepszak, Troy Rohrbaugh, Marianne Lake, and Mary Erdoes. Dimon previously stated that retirement was perpetually five years away but has now indicated that his expected tenure is less than five more years.
JPMorgan Chase is the largest bank in America by assets, market capitalization and a number of other measures. Dimon has been CEO since 2006 and has made it the nation's largest lender. It remains unclear by how much Dimon's tenure as CEO is less than five more years.
