local
JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up two more successors for Dimon
By Ken Sweet, Associated Press at KPRC 2 / 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 The Piney Point
The promotions of Doug Petno and Troy Rohrbaugh to copresidents of JPMorgan Chase have 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 expertise in natural resources investment banking. The bank's commercial and investment banking operations in Houston may see increased focus under Petno's and Rohrbaugh's leadership, potentially leading to new business opportunities and job growth in the region. Additionally, the retirement of Marianne Lake, who oversaw the consumer banking division, may lead to changes in the bank's local consumer banking operations, affecting residents and small businesses in Piney Point Village and surrounding areas. The succession plans at JPMorgan Chase will be closely watched by the local business community, as the bank's leadership decisions can have far-reaching effects on the regional economy.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . The Piney Point 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 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 25, 2026 ·
Source: KPRC 2 / 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 / Click2Houston (NBC) and curated for The Piney Point readers.
Who reported this story? This story was reported by Ken Sweet, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Piney Point selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Piney Point, or browse our daily briefing and topic hubs .
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