---
schema_version: "secwatch.filing_event.v1"
accession: "0000019617-26-000241"
form_type: "8-K"
ticker: "JPM"
cik: "0000019617"
company_name: "JPMORGAN CHASE & CO"
filed_at: "2026-06-25T11:59:33+00:00"
generated_at: "2026-06-25T12:06:02.947128+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000019617-26-000241
- form_type: 8-K
- ticker: JPM
- cik: 0000019617
- company_name: JPMORGAN CHASE & CO
- filed_at: 2026-06-25T11:59:33+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19617/000001961726000241/0000019617-26-000241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19617/000001961726000241/jpm-20260624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000019617-26-000241
- JSON: https://secwatch.observer/filing/0000019617-26-000241.json
- Plain text: https://secwatch.observer/filing/0000019617-26-000241.txt

## Key facts
- Executive change
  Troy Rohrbaugh was elected as Co-President at JPMORGAN CHASE & CO.
  - Action: elected
  - Role: Co-President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19617/000001961726000241/0000019617-26-000241-index.htm
- Executive change
  Doug Petno was elected as Co-President at JPMORGAN CHASE & CO.
  - Action: elected
  - Role: Co-President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19617/000001961726000241/0000019617-26-000241-index.htm
- Executive change
  Marianne Lake retired as CEO of Consumer & Community Banking at JPMORGAN CHASE & CO.
  - Action: retired
  - Role: CEO of Consumer & Community Banking
  source text: Marianne Lake, current CEO of CCB, has decided to retire from the Firm after more than 25 years of outstanding leadership and service.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19617/000001961726000241/0000019617-26-000241-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.