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: 314710

Reported Deaths: 7254
CountyCasesDeaths
DeSoto21646260
Hinds20369416
Harrison17949309
Rankin13643278
Jackson13450246
Madison10113217
Lee9986174
Jones8384163
Forrest7689152
Lauderdale7198240
Lowndes6403148
Lamar623686
Lafayette6203119
Washington5341134
Bolivar4802132
Oktibbeha462998
Panola4596107
Pearl River4519146
Marshall4450103
Warren4393121
Pontotoc420872
Monroe4115133
Union411176
Neshoba4031176
Lincoln3969110
Hancock379586
Leflore3498125
Sunflower336290
Tate334784
Pike3327105
Scott316274
Alcorn313368
Yazoo311770
Itawamba300577
Copiah297465
Coahoma295579
Simpson295388
Tippah288768
Adams286982
Prentiss280060
Marion269380
Leake268473
Wayne262841
Grenada261587
Covington259881
George248148
Newton246862
Winston227581
Tishomingo227067
Jasper221148
Attala214473
Chickasaw208057
Holmes189174
Clay185554
Stone182833
Tallahatchie178941
Clarke178080
Calhoun170932
Yalobusha164638
Smith162534
Walthall134245
Greene130633
Lawrence128724
Montgomery127142
Noxubee126734
Perry126338
Amite123142
Carroll121829
Webster114532
Jefferson Davis107133
Tunica105726
Claiborne102430
Benton100025
Humphreys96733
Kemper95828
Franklin83923
Quitman81116
Choctaw76418
Wilkinson67531
Jefferson65728
Sharkey50217
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 540083

Reported Deaths: 11038
CountyCasesDeaths
Jefferson798481529
Mobile41283809
Madison35157506
Tuscaloosa25925455
Shelby25302249
Montgomery24723593
Baldwin21411310
Lee15993172
Calhoun14574319
Morgan14425280
Etowah13925353
Marshall12280225
Houston10648282
Elmore10158206
Limestone10070151
St. Clair9948245
Cullman9768194
Lauderdale9460243
DeKalb8865188
Talladega8341176
Walker7261278
Autauga7005108
Jackson6840112
Blount6773139
Colbert6322135
Coffee5581118
Dale4877113
Russell445738
Chilton4373113
Franklin426382
Covington4138118
Tallapoosa4044153
Escambia394877
Chambers3596123
Dallas3569153
Clarke351561
Marion3140101
Pike312077
Lawrence303098
Winston275873
Bibb264764
Geneva254178
Marengo249865
Pickens234862
Barbour232056
Hale224078
Butler219169
Fayette212862
Henry189943
Cherokee184845
Randolph182542
Monroe178141
Washington167839
Macon161350
Clay157257
Crenshaw153557
Cleburne149641
Lamar143336
Lowndes140653
Wilcox127430
Bullock123242
Conecuh110829
Coosa109228
Perry107826
Sumter105032
Greene92634
Choctaw61024
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Columbus
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Humidity builds across our area through much of your Monday, importing plenty of extra cloud coverage. A few spotty showers and storms are likely, especially during the afternoon. By mid-week, we dry out and temperatures soar toward the weekend.
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