April 8 (Reuters) - JPMorgan ( JPM ) said on Monday that
an orderly CEO transition is the top priority for its board in
the medium term, as Jamie Dimon completes 18 years at the helm
of the largest U.S. bank by assets.
The board is "spending significant time on developing
operating committee members who are well-known to shareholders
as strong potential CEO candidates," it said in a proxy
statement.
They include Jennifer Piepszak and Troy Rohrbaugh,
recently appointed co-CEOs of JPMorgan's ( JPM ) expanded commercial and
investment bank, consumer and community banking CEO Marianne
Lake, and asset and wealth management CEO Mary Erdoes.
Meanwhile, President and Chief Operating Officer Daniel
Pinto continued to be listed as the executive who could step in
for the CEO in the near term, as he did in 2020 when incumbent
CEO Jamie Dimon had an emergency heart surgery.
"Should the need arise in the near-term, we view Mr. Pinto
as a key executive who is immediately ready to fulfill the
responsibilities of the CEO," the statement said.
In his annual letter to shareholders on Monday, Dimon hailed
U.S. leadership and economic power to shareholders, invoking
"liberty and justice for all."
Dimon, who took the reins in 2006, is among a group of
financial CEOs whose names have been floated for senior economic
roles in government.
The Wall Street Journal last week
reported
that allies of former U.S. President Donald Trump were
considering senior Wall Street executives, including Dimon, for
the role of Treasury secretary.
JPMorgan's ( JPM ) shares were marginally higher in premarket
trading. It is set to report first-quarter results on Friday.
(Reporting by Manya Saini in Bengaluru and Lananh Nguyen and
Nupur Anand in New York; Editing by Varun H K)