Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTGabrielle SaulsberyThu, June 25, 2026 at 11:06 AM GMT+2 4 min readThis story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter.JPMorgan Chase tapped longtime executives Doug Petno and Troy Rohrbaugh as co-presidents of the bank Thursday, according to a regulatory filing.Petno, 61, and Rohrbaugh, 56, assume their roles immediately; they had been co-CEOs of JPMorgan's commercial and investment bank. In addition to their co-president roles, Petno is now sole CEO of the CIB and Rohrbaugh becomes CEO of consumer and community banking.Consumer and community banking CEO Marianne Lake, long seen as a potential successor to JPMorgan CEO Jamie Dimon, is set to retire after 25 years, the New York-based firm said."The changes announced today mark an important step in our Board's thoughtful process around succession planning and development of our top leaders," Dimon said in a prepared statement Thursday. "We are fortunate to have in place an exceptional group of senior leaders, not only at our Operating Committee level but across our organization, and I've never been more excited about the future of JPMorganChase."Petno and Rohrbaugh's elevation to co-presidents – a newly created role – "reflects the Board's confidence in their extraordinary leadership capabilities, business performance, relationships, experience and commitment to always doing the right thing," Dimon said.When Lake was tapped to lead the CCB alongside Jennifer Piepszak in 2021, analysts believed it likely that one or the other would eventually take on Dimon's role, with Wells Fargo analyst Mike Mayo telling the Financial Times, "It looks like a two-woman race for the CEO job of JPMorgan."Piepszak