Reported about 14 hours ago
Jennifer Piepszak, a key candidate for the CEO position at JPMorgan Chase, has decided to withdraw from the race and will take over as the chief operating officer, succeeding Daniel Pinto. This unexpected move adds further uncertainty to the bank's long-discussed succession plans as it looks for a successor to Jamie Dimon, who indicated he could step down in the coming years. Piepszak prefers to focus on operations rather than pursue the CEO role at this time, while other contenders for the position include Marianne Lake and Troy Rohrbaugh.
Source: YAHOO