JPMorgan Elevated Doug Petno and Troy Rohrbaugh to Co-Presidents as Jamie Dimon's Board Accelerates Succession Planning. Here's What That Reshuffle Signals for JPMorgan's Next Chapter.

JPMorgan Chase has promoted Doug Petno and Troy Rohrbaugh to co-presidents as part of succession planning for CEO Jamie Dimon's eventual retirement. The move signals intense internal competition for the top role, with high-level executive Marianne Lake departing around the same time. While the new CEO will likely be highly skilled, the succession process may result in brain drain as losing candidates and other top talent seek opportunities elsewhere.