JPMorgan Names Jennifer Piepszak CFO as Marianne Lake to Run Consumer Lending
- She and CFO Lake shuffle duties to further succession planning
- None of the six largest U.S. banks has ever had a female CEO
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Whenever Wall Street muses on who may someday replace Jamie Dimon atop JPMorgan Chase & Co., Marianne Lake’s name arises. For six years, she’s guided analysts and investors through the firm’s business as its chief financial officer.
Now, Jennifer Piepszak is taking that stage, becoming CFO and joining a cadre of senior JPMorgan executives viewed as Dimon’s potential successors. Lake, too, is gaining experience that will further groom her to perhaps become the next chief executive officer.