JPMorgan names Petno & Rohrbaugh Co-Presidents; Lake retires; awards $30M retention equity each

JPMORGAN CHASE & CO

Doug Petno and Troy Rohrbaugh elected Co-Presidents effective June 25, 2026; Petno sole CEO of CIB, Rohrbaugh CEO of CCB.
Marianne Lake retires after 25+ years; will assist transition over coming weeks.
One-time RSU awards: $30M each to Petno and Rohrbaugh; $20M each to Mary Erdoes and Jennifer Piepszak.
Awards cliff-vest after 3 years with 12% average ROTCE performance condition (2026-2028); two-year post-vest hold.
Permanent role changes and targeted retention awards aim to preserve succession candidates and leadership continuity.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Troy Rohrbaugh

Co-President

JPM · JPMORGAN CHASE & CO

Effective: 2026-06-25
Filed: June 25, 2026, 7:59 AM ET

Doug Petno, 61, and Troy Rohrbaugh, 56, Co-CEOs of the Commercial & Investment Bank ("CIB"), have been elected Co-Presidents of the Firm, effective immediately.

Role change

Doug Petno

Co-President

JPM · JPMORGAN CHASE & CO

Effective: 2026-06-25
Filed: June 25, 2026, 7:59 AM ET

Doug Petno, 61, and Troy Rohrbaugh, 56, Co-CEOs of the Commercial & Investment Bank ("CIB"), have been elected Co-Presidents of the Firm, effective immediately.

Departed

Marianne Lake

CEO of Consumer & Community Banking

JPM · JPMORGAN CHASE & CO

Successor: Troy Rohrbaugh
Filed: June 25, 2026, 7:59 AM ET

Marianne Lake, current CEO of CCB, has decided to retire from the Firm after more than 25 years of outstanding leadership and service.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Troy Rohrbaugh was elected as Co-President at JPMORGAN CHASE & CO.

Action: elected
Role: Co-President

Exact text from the filing

Doug Petno, 61, and Troy Rohrbaugh, 56, Co-CEOs of the Commercial & Investment Bank ("CIB"), have been elected Co-Presidents of the Firm, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Doug Petno was elected as Co-President at JPMORGAN CHASE & CO.

Action: elected
Role: Co-President

Exact text from the filing

Doug Petno, 61, and Troy Rohrbaugh, 56, Co-CEOs of the Commercial & Investment Bank ("CIB"), have been elected Co-Presidents of the Firm, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marianne Lake retired as CEO of Consumer & Community Banking at JPMORGAN CHASE & CO.

Action: retired
Role: CEO of Consumer & Community Banking

Exact text from the filing

Marianne Lake, current CEO of CCB, has decided to retire from the Firm after more than 25 years of outstanding leadership and service.

View on SEC.gov

JPMORGAN CHASE & CO filing history →

Source: SEC EDGAR

accession 0000019617-26-000241

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