UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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Item 5.02(c) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
| (a) | On May 18, 2021, JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”) announced that Gordon Smith, Co-President and Chief Operating Officer, and Chief Executive Officer of Consumer & Community Banking (CCB), will retire effective December 31, 2021. Mr. Smith will continue to carry on his current responsibilities until December, when Daniel Pinto, Co-President and Chief Operating Officer and Chief Executive Officer of the Corporate & Investment Bank (CIB), will become sole President and Chief Operating Officer of the Firm. In January 2022, Mr. Smith will continue as a senior advisor to JPMorgan Chase. |
| (b) | In light of Mr. Smith’s retirement, Marianne Lake, CEO of Consumer Lending, and Jennifer Piepszak, Chief Financial Officer of the Firm, will become co-heads of CCB effective immediately, reporting to Mr. Smith. Ms. Lake and Ms. Piepszak will remain members of the Firm’s Operating Committee. |
| (c) | Jeremy Barnum, 48, will succeed Ms. Piepszak as Chief Financial Officer of the Firm, effective immediately and will become a member of the Firm’s Operating Committee. Mr. Barnum currently serves as head of Global Research for the Firm’s Corporate and Investment Bank (“CIB”), a position he has held since February 2021. From 2013 through January 31, 2021, Mr. Barnum served as Chief Financial Officer of the CIB. Prior to that, Mr. Barnum held various other roles within the CIB including serving as CFO of the Firm’s Markets Division. He also held various chief financial roles and other leadership positions within the CIB’s credit trading group as well as various trading roles in currencies, emerging markets and credit. Mr. Barnum joined JPMorgan Chase in 1994. In November 2004 he left the Firm and rejoined in August 2007. |
A copy of the press release related to this announcement is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| 99.1 | JPMorgan Chase & Co. Press Release dated May 18, 2021. | |
| 101 | Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JPMORGAN CHASE & CO. | ||
| (Registrant) | ||
| By: | /s/ John H. Tribolati | |
| Name: | John H. Tribolati | |
| Title: | Corporate Secretary | |
Dated: May 18, 2021