12:31 PM EST, 01/14/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) said Tuesday that Daniel Pinto will step down as chief operating officer later this year, with current executive Jennifer Piepszak succeeding him as part of a senior management shuffle.

Pinto, who has been with the lender for more than 40 years, will cease to keep his duties as president and COO as of June 30 and retire at the end of 2026. He will continue to serve as vice chairman at the bank.

Piepszak, who most recently served as co-CEO of JPMorgan's ( JPM ) commercial and investment bank, will become the operating chief with immediate effect. She will assume charge of different areas, including technology, operations and data and analytics functions, while overseeing JPMorgan's ( JPM ) corporate centers in India and the Philippines.

Piepszak and Chief Executive Jamie Dimon will jointly manage all corporate functions at the company, the bank said.

Doug Petno, co-head of global banking, will succeed Piepszak as co-CEO of the commercial and investment bank, alongside current CIB co-CEO Troy Rohrbaugh. John Simmons, head of commercial banking, will take over from Petno as the new co-head of global banking, partnering with Filippo Gori.

JPMorgan ( JPM ) said Marianne Lake and Mary Erdoes will continue in their respective roles as CEO of consumer and community banking and CEO of asset and wealth management.

The lender is scheduled to report its fourth-quarter results on Wednesday. Analysts polled by FactSet expect the bank to report per-share earnings of $4.09 and revenue of $41.91 billion for the quarter.

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