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JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up two more successors for Dimon
By Ken Sweet, Associated Press at KPRC 2 Houston / Click2Houston (NBC)
· June 25, 2026
· 3 min read
JPMorgan Chase promoted investment bankers Doug Petno and Troy Rohrbaugh to copresidents of the bank, elevating two additional potential contenders to succeed Jamie Dimon whenever the longtime CEO step downs from running the nation’s largest bank.The bank also announced Thursday that Marianne Lak...
Key takeaway Jennifer Piepszak, 55, is JPMorgan’s chief operating officer, while Mary Erdoes, 58, runs its asset and wealth management division.
Why this matters in Magnolia News
The promotion of Doug Petno and Troy Rohrbaugh to copresidents of JPMorgan Chase has significant implications for the Houston area, where the bank has a substantial presence. As the nation's largest bank, JPMorgan Chase's leadership decisions can impact the local economy, particularly in the energy sector, where Petno has experience in natural resources investment banking. The bank's decision to look to its commercial and investment banking ranks for future leadership may also reflect the importance of Houston's energy industry to the company's overall strategy. With Marianne Lake's retirement, the field of potential successors to Jamie Dimon has been reshaped, and the promotion of Petno and Rohrbaugh signals that the board is considering a range of candidates with diverse backgrounds and expertise. As the succession planning process unfolds, Houston residents and businesses will be watching closely to see how the new leadership will impact the bank's local operations and investments.
About this story
Original reporting by KPRC 2 Houston / Click2Houston (NBC) . Magnolia News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KPRC 2 Houston / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 25, 2026 ·
Source: KPRC 2 Houston / Click2Houston (NBC) ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? JPMorgan Chase promoted investment bankers Doug Petno and Troy Rohrbaugh to copresidents of the bank, elevating two additional potential contenders to succeed Jamie Dimon whenever the longtime CEO step downs from running the nation’s largest bank.The bank also announced Thursday that Marianne Lak...
When was this published? This article was first published on June 25, 2026 by KPRC 2 Houston / Click2Houston (NBC) and curated for Magnolia News readers.
Who reported this story? This story was reported by Ken Sweet, Associated Press at KPRC 2 Houston / Click2Houston (NBC). To learn more about how Magnolia News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Magnolia News, or browse our daily briefing and topic hubs .
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