JPMorgan Chase said Jamie Dimon may stay on as chair of the board when he eventually steps down as chief executive officer.
The bank plans to separate the two roles “upon the next CEO transition,” it said in a
Many shareholders “expressed a general preference for separate chair and CEO positions,” the New York-based company said in the filing. “Notably, a substantial majority of those with whom we engaged, including most of our top holders, indicated support for a policy that would enable our current CEO to serve as non-executive chair at the next leadership transition.”
Dimon has been CEO of JPMorgan since the end of 2005 and became chairman at the end of 2006. He’s long joked that his retirement is five years away, no matter when he’s asked, and last year the firm’s board of directors granted the billionaire a