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JPMorgan Promotes Co-CEOs, Marianne Lake Resigns

7/4/2026

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Summary

Story summary

JPMorgan Chase CEO Jamie Dimon promoted co-CEOs Doug Petno and Troy Rohrbaugh to co-presidents, prompting longtime executive Marianne Lake to resign.
Lake learned on June 22 of the promotions, received three days’ notice, and on June 25 announced her departure via an emotional video call.
At exit Lake held about $50 million in unvested stock, and JPMorgan said no succession front-runner is designated, though internal sources favor Rohrbaugh.

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Story summary

JPMorgan Chase CEO Jamie Dimon promoted co-CEOs Doug Petno and Troy Rohrbaugh to co-presidents, prompting longtime executive Marianne Lake to resign.
Lake learned on June 22 of the promotions, received three days’ notice, and on June 25 announced her departure via an emotional video call.
At exit Lake held about $50 million in unvested stock, and JPMorgan said no succession front-runner is designated, though internal sources favor Rohrbaugh.