JPMorgan Prepares for CEO/Chairman Split; Successor Chosen

JPMorgan Prepares for CEO/Chairman Split; Successor Chosen

JPMorgan Chase Chairman and CEO Jamie Dimon “is preparing for the possible split of” the Chairman and CEO position at JPMorgan Chase & Co. (NYSE:JPM) according to a breaking report from FOX Business Network (FBN) Senior Correspondent Charlie Gasparino. Gasparino went on to report that if the role is split, former Exxon Mobil Corporation (NYSE:XOM) CEO Lee Raymond “would be the Chairman.”

Video and excerpts below:

On who will become Chairman of JPMorgan Chase & Co. (NYSE:JPM) if the Chairman and CEO position splits:

“What you will see is a guy named Lee Raymond the Former Exxon CEO. He’s a board member, he’s considered the top board member at JPMorgan. He would be the Chairmen if that role was split. We should also point out that this is an active discussion inside JPMorgan. Jamie Dimon believes that if this thing is split the management of the company will not materially change.”


On whether JPMorgan Chase Chairman and CEO Jamie Dimon is preparing for a possible split of the position:

“Sources close to Jamie Dimon say he is preparing for the possible split of that CEO and Chairman job at JPMorgan. Dimon still believes the dual role of keeping both together in one place – which is essentially what he is doing now, is best for the company, but from what I understand he is not going to overly object if the board says you got to split.”


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