FT News Briefing JPMorgan’s executive shuffle puts two women in line to replace Jamie Dimon
May 19, 2021
JPMorgan Chase is poised for significant change as two women rise to leadership roles amid Jamie Dimon's potential succession. The Eurozone shows promising signs of economic recovery, marked by job growth and increased travel. Meanwhile, Foxconn is making waves by transitioning to the automotive industry, raising questions about the future of tech in transportation. Additionally, Google’s new AI skincare tool offers an innovative approach to self-diagnosing skin issues, blending technology with personal care.
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JPMorgan Chase Leadership Shuffle
- JPMorgan Chase announced a leadership shuffle, with co-president Gordon Smith stepping down.
- Smith cited personal reasons, including becoming a grandfather and the intensity of leading through the pandemic.
Potential Successors to Jamie Dimon
- Two women, Marianne Lake and Jen Piepsak, were promoted to lead consumer and community banking.
- This move positions them as potential successors to CEO Jamie Dimon.
Dimon's Tenure
- Jamie Dimon, CEO since 2006, is the last remaining pre-financial crisis bank CEO.
- Despite a health scare last year, Dimon is expected to stay on for a "significant number of years."