Jamie Dimon plans to lead JPMorgan until 2023

Jamie Dimon isn't planning on going anywhere.The JPMorgan Chase boss revealed Monday that he'll stay at the he...

Posted: Jan 30, 2018 8:02 AM
Updated: Jan 30, 2018 8:02 AM

Jamie Dimon isn't planning on going anywhere.

The JPMorgan Chase boss revealed Monday that he'll stay at the helm of America's largest bank for about five more years. He said he and the board agreed on the time frame.

Dimon, already Wall Street's longest-serving CEO, is credited with steering JPMorgan through the financial crisis. The new plan would leave Dimon, who is 61, in charge for about 17 years.

The announcement could quiet speculation that Dimon, who leads a powerful business lobby, could leave Wall Street for Washington as a presidential candidate or a cabinet secretary.

Some of JPMorgan's rising stars have left the bank in recent years as it became clear the top job would remain filled.

JPMorgan emphasized on Monday that it's grooming potential successors. The bank announced the promotions of Daniel Pinto and Gordon Smith each to the roles of co-president and co-chief operating officer. That sets them up as potential heirs.

"Both have proven track records of working successfully across the firm," Dimon said in a statement, "and both truly possess the capabilities, character and intellect that exemplify great leadership."

Related: 22,000 JPMorgan workers are getting a raise

Pinto is CEO of JPMorgan's corporate and investment bank, while Smith leads its consumer and community banking division.

"The Board and Dimon both believe that under all timing scenarios, whether today or in the future, the company has several highly capable successors in place," JPMorgan said in a statement.

The management shuffle comes after several potential successors departed JPMorgan.

Last June, chief operating officer Matt Zames left the bank after 13 years. Michael Cavanagh left in 2014 for private equity firm The Carlyle Group, and Jes Staley departed in 2013 and later became CEO of Barclays.

In 2014, Dimon received successful treatment for curable throat cancer.

Dimon became JPMorgan's CEO on December 31, 2005, and was named chairman a year later. His leadership helped JPMorgan escape the financial meltdown better than many other big banks. Dimon has also been a vocal critic of additional regulation after the crisis.

Dimon chairs the Business Roundtable, a powerful lobbying group that took out a multimillion-dollar advertising blitz to champion tax reform.

In the past, Dimon has been floated as a potential Treasury secretary or even a presidential candidate.

"I would love to be president," Dimon said in 2016, before adding that he thinks it's "too hard and too late."

-- CNNMoney's Paul R. La Monica contributed to this report.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 259117

Reported Deaths: 5668
CountyCasesDeaths
DeSoto17436187
Hinds16524328
Harrison13876199
Rankin11000217
Jackson10652187
Lee8981141
Madison8413168
Jones6552112
Forrest6101121
Lauderdale6034189
Lowndes5463119
Lafayette507393
Lamar496465
Washington4877124
Bolivar4068109
Oktibbeha401681
Panola378380
Pontotoc372155
Monroe3628105
Warren3619101
Union350563
Marshall349569
Neshoba3433152
Pearl River3380104
Leflore3079108
Lincoln300687
Sunflower289272
Hancock285360
Tate276762
Alcorn268854
Pike266580
Itawamba266261
Scott253448
Yazoo250156
Prentiss249552
Tippah245850
Copiah244549
Coahoma243654
Simpson240069
Leake234367
Grenada221171
Marion218473
Covington216972
Adams210170
Wayne206432
Winston205267
George202739
Attala195761
Newton195745
Tishomingo192461
Chickasaw186144
Jasper176038
Holmes169868
Clay162735
Tallahatchie154935
Stone148424
Clarke143562
Calhoun138021
Smith125825
Yalobusha120234
Walthall113437
Greene112129
Noxubee111425
Montgomery110936
Carroll105922
Lawrence104317
Perry103231
Amite99926
Webster94324
Tunica87621
Jefferson Davis87327
Claiborne86825
Benton84023
Humphreys83624
Kemper79120
Quitman7029
Franklin68716
Choctaw62313
Wilkinson58825
Jefferson55920
Sharkey44217
Issaquena1606
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Alabama Coronavirus Cases

Cases: 432536

Reported Deaths: 6379
CountyCasesDeaths
Jefferson63523957
Mobile30967562
Madison27627201
Tuscaloosa21122268
Montgomery19495326
Shelby18941126
Baldwin16798188
Lee12901102
Morgan12447129
Etowah11911178
Calhoun11365205
Marshall10322119
Houston8813156
Limestone823176
Cullman8159106
Elmore8056104
DeKalb7796102
Lauderdale773399
St. Clair7705122
Talladega6347109
Walker5993174
Jackson590341
Colbert543274
Blount541186
Autauga527061
Coffee454160
Dale405482
Franklin371948
Russell345712
Chilton340972
Covington334168
Escambia328344
Dallas310196
Chambers297370
Clarke290536
Tallapoosa2665107
Pike258830
Marion250155
Lawrence249150
Winston231442
Bibb219848
Geneva206946
Marengo205229
Pickens198631
Hale180842
Barbour177836
Fayette174528
Butler171358
Cherokee162530
Henry157523
Monroe150718
Randolph143236
Washington139527
Clay128546
Crenshaw121644
Cleburne119724
Lamar119621
Macon119637
Lowndes112536
Wilcox105822
Bullock101428
Perry99118
Conecuh96320
Sumter89726
Greene76723
Coosa62215
Choctaw51624
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