JPM: JP Morgan Chase: JPMorgan Chase Announces Retirement of Two Directors from Its Board

  JPM: JP Morgan Chase: JPMorgan Chase Announces Retirement of Two Directors
  from Its Board

UK Regulatory Announcement


JPMorgan Chase & Co. (NYSE: JPM) announced today that two of its directors,
David Cote and Ellen Futter, have retired from its Board of Directors. The
company also said that it intends to appoint new directors to the Board later
this year.

Ms. Futter is retiring after 16 years of service to the company, having served
on several Board committees and helping steer the company through a number of
mergers as well as the recent financial crisis. “Ellen has been an outstanding
director and leader – helping guide our firm successfully during a critical
time in our history. I will miss her greatly,” said Jamie Dimon, Chairman and

Mr. Cote is stepping down after more than five years of service. Jamie Dimon
said, “As Chairman and CEO of Honeywell, Dave brought exceptional experience
to JPMorgan Chase across a broad spectrum of issues. He is a highly talented
executive, and we were all fortunate to benefit from his knowledge and

Dimon concluded, “I want to thank Ellen and Dave for their dedicated service
to our firm. We have learned a great deal from both of them and will miss
having them as members of our Board.”

Lee Raymond, the Board’s Presiding Director, added, “Our Board wants to add
its thanks to Ellen and Dave for their significant contributions to our
company over the years and to our Board governance. We are always in search of
great directors, and the Board expects to appoint additional directors as the
year goes on.”

“I am proud to have served as a member of JPMorgan Chase’s Board during such a
historic time in the life of the company,” said Ellen Futter, adding, “having
been a director since the 1990s, I believe that this is the right time to make
this transition. It’s a great company with outstanding leadership in Jamie
Dimon, senior management and at the Board level.”

Dave Cote said, “I am grateful for the opportunity to have served on the
JPMorgan Chase Board. Given the increasing demands on the Directors of
companies in the financial services sector, I decided that now was the time to
reallocate my limited personal time to other outside activities. My time on
the JPMorgan Chase Board has been a terrific experience.”

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm
with assets of $2.4 trillion and operations worldwide. The firm is a leader in
investment banking, financial services for consumers, small business and
commercial banking, financial transaction processing, asset management and
private equity. A component of the Dow Jones Industrial Average, JPMorgan
Chase & Co. serves millions of consumers in the United States and many of the
world’s most prominent corporate, institutional and government clients under
its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is
available at

J.P. Morgan Chase & Co.
Sarah Youngwood, 212-270-7325
Joseph Evangelisti, 212-270-7438


JP Morgan Chase
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