Finance
JPMorgan’s Lee Raymond Steps Down From Board After 33 Years
Lee R. Raymond, then the chief executive of Exxon Mobil Corp., listens during testimony at the President's Export Council in 2005.
Photographer: Dennis BrackThis article is for subscribers only.
JPMorgan Chase & Co. said Lee Raymond, the company’s longest-serving director, is resigning from the board.
Raymond, the former Exxon Mobil Corp. boss who’s been on the board of the biggest U.S. bank for more than three decades, notified JPMorgan of his intention to resign effective Dec. 31, according to a regulatory filing Friday. The decision was “not the result of any disagreement with the company,” according to the filing.