Short answer
JPMorgan Chase & Co (JPM) filed an 8-K current report with the SEC on June 25, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Doug Petno and Troy Rohrbaugh become JPMorgan Co-Presidents, strengthening internal succession planning.
JPMorgan Chase & Co 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Doug Petno and Troy Rohrbaugh become JPMorgan Co-Presidents, strengthening internal succession planning
- Petno becomes sole CIB CEO; Rohrbaugh succeeds Marianne Lake as CCB CEO
- Lake’s retirement after more than 25 years creates a major leadership transition in Consumer & Community Banking
- Retention RSUs: $30 million each for Petno and Rohrbaugh; $20 million each for Mary Erdoes and Jennifer Piepszak
- Awards cliff-vest after three years, requiring 12% average ROTCE for 2026–2028 and continued employment
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