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- Departure Of Ceo (new) — Consumer & Community Banking CEO Marianne Lake is retiring after 25 years, triggering a leadership transition in one of the firm's two largest businesses.
JPMorgan names two Co-Presidents, CCB CEO Lake to retire, grants $100M retention awards
Filed June 25, 2026 · Period ending June 24, 2026 · ~1 min read
Key Changes
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Doug Petno and Troy Rohrbaugh promoted to Co-Presidents; Petno becomes sole CIB CEO while Rohrbaugh moves to lead Consumer & Community Banking as Lake retires after 25 years.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Board approved $100M in retention awards: $30M each to Petno and Rohrbaugh, $20M each to Asset & Wealth Management CEO Mary Erdoes and COO Jennifer Piepszak, structured as RSUs cliff-vesting in three years.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Retention awards require 12% average ROTCE over 2026-2028 to vest, with more restrictive terms than regular equity grants including no vesting for retirement or job elimination.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
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Generated by AI · Jun 25, 2026 11:10 AM