JPMorgan Chase CEO Jamie Dimon has hinted that he could step down as head of the nation’s largest lender sooner than was widely anticipated.
Dimon, the 68-year-old banking executive, told analysts at JPMorgan Chase’s annual investor day on Monday that “the timetable [for his retirement] isn’t five years anymore.”
He did not elaborate. The comment was reported by The Wall Street Journal.
The Post has sought comment from JPMorgan Chase.
Dimon has run JPMorgan Chase for more than 18 years, and his next steps have been the subject of speculation for years.
Contenders for the top job include Jennifer Piepszak and Troy Rohrbaugh, recently appointed co-CEOs of JPMorgan’s expanded commercial and investment bank; Marianne Lake, CEO of consumer and community banking; and Mary Erdoes, CEO of asset and wealth management.
In 2021, Dimon was awarded a special bonus that gave him incentive to stay on as CEO until 2026.
Dimon, who is worth xxxHe would be eligible for the one-time deferred bonus of $52.62 million.
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
