JPMorgan says CEO transition a top board priority over medium term

JPMORGAN said on Monday (Apr 8) that an orderly CEO transition is the top priority for its board in the medium term.

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.

JPMorgan 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 fulfil the responsibilities of the CEO,” the statement said. REUTERS