JPMorgan Chase in New York is shuffling managerial chairs before Daniel Pinto retires.
The company said in a press release that Pinto will step down as president and chief operating officer on June 30. He will remain vice chairman until he fully retires at the end of 2026.
Jennifer Piepszak will become COO. She is co-CEO of the commercial and investment bank. Doug Petno, co-head of global banking, will succeed Piepszak. John Simmons, head of commercial banking, will succeed Petno.
Pinto “has done a truly exceptional job in every role he has played at our firm,” Jamie Dimon, JPMorgan Chase’s chairman and CEO, said in the release.
“We are fortunate to have developed an exceptional team of world-class executives, each of whom has contributed significantly to the success of our company,” Dimon added. “I have never been more proud and optimistic about our company, in large part because of the extraordinary efforts of these leaders and our other members of the operating committee and executive team.”