Jamie Dimon doesn't know who his successor is (Fortune)

Summary

A Fortune article by Jason Ma, dated January 12, 2025, reports that Jamie Dimon says he does not know who his successor as CEO of JPMorgan Chase will be. In an interview with CBS that aired on Sunday, Dimon said he is not going to retire like that and that he may write a book or teach. According to the article, Dimon acknowledged it is likely he could stay on as chairman for a few years, though the board will ultimately decide. The article says Dimon had long joked that retirement was five years away, but admitted last spring that the timetable is not five years anymore.

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Finance Succession

Jamie Dimon says he doesn’t know who his successor is and drops hints on his post-CEO life — ‘I’m not going to retire like that’

By

Jason Ma

Jason Ma

Weekend Editor

By

Jason Ma

Jason Ma

Weekend Editor

January 12, 2025, 11:53 AM ET

Jamie Dimon during annual meetings of the IMF and World Bank in Washington, DC, on Oct. 24. Kent Nishimura—Bloomberg via Getty Images

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- Jamie Dimon offered more clues on what his life could look like after he eventually relinquishes his role as CEO of JPMorgan Chase . In an interview with CBS, he acknowledged that it’s likely he could stay on as chairman for a few years.

Succession at JPMorgan Chase has been an ongoing parlor game on Wall Street as Jamie Dimon’s tenure as CEO of the world’s biggest bank by market cap approaches 20 years.

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He had long joked that retirement was five years away, but admitted last spring that the timetable is “not five years anymore.”

In an interview with CBS that aired on Sunday, he offered more clues on what his life could look like after he eventually steps down.

“Last time I was asked, I said, less than five years,” Dimon said. “But when you say ‘retire,’ I’m not going to retire like that. I may write a book. I may teach. I may work with my kids, if they want. I would never pressure them to work with me.”

When asked if he would step down as CEO but remain as chairman, he said that it’s “likely” to happen, though the board will ultimately decide. “But if it makes sense, I may be chairman for a couple years.”

Dimon was then asked if he knows who his successor will be, and he replied “no.”

To be sure, JPMorgan does have a plan in place in case something suddenly happens to Dimon, who has had two major health scares.

In August, he confirmed that the bank’s emergency CEO successor remains Daniel Pinto , calling him the “hit by a bus” pick. The Argentina native was named co-president and chief operating officer in January 2018, and became president and COO in January 2022.

For now, Dimon doesn’t sound very eager to retire, telling CBS that, “I love my job. I love what it does. I like our people. It motivates me.”

He added later, “I think it’s great to have a purpose in life. You know, paint your Picasso.”

About the Author

By Jason Ma Weekend Editor

Jason Ma is the weekend editor at Fortune , where he covers markets, the economy, finance, and housing.

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