UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): April 17, 2019
JPMorgan Chase & Co.
(Exact name of registrant as specified in its charter)
Delaware | 1-5805 | 13-2624428 |
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. employer identification no.) |
383 Madison Avenue New York, New York | 10179 | |
(Address of principal executive offices) | (Zip Code) | |
Registrant’s telephone number, including area code: (212) 270-6000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
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 ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02(d) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 17, 2019, JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”) announced that Jennifer A. Piepszak, 49, will succeed Marianne Lake as Chief Financial Officer of the Firm and will become a member of the Firm’s Operating Committee. Ms. Piepszak currently serves as Chief Executive Officer (“CEO”) of the Firm’s Card Services business, a position she has held since 2017, and from 2015-2017 served as the CEO of the Firm’s Business Banking business. Prior to that, from 2010-2014 Ms. Piepszak served in various other roles within the Firm's Consumer & Community Bank including Chief Financial Officer of Mortgage Banking, Controller of Mortgage Banking and Controller of the Retail Financial Services business. Ms. Piepszak began her career at JPMorgan Chase in the Corporate & Investment Bank where she held various controller and chief financial officer roles from 1994-2010, including within the interest rate securities, interest rate derivatives, credit portfolio, proprietary positioning/principal investment management and equities and prime services businesses.
Ms. Piepszak joined JPMorgan Chase in 1994.
JPMorgan Chase also announced that Ms. Lake will become Chief Executive Officer of Consumer Lending, which includes Card Services, Home Lending and Auto Finance, and will remain a member of the Firm’s Operating Committee.
These changes will be effective on May 1, 2019.
A copy of the press release relating to this announcement is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Description of Exhibit | |
99.1 | ||
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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/ Molly Carpenter |
Molly Carpenter | |
Corporate Secretary | |
Dated: | April 17, 2019 |
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Exhibit 99.1
JPMorgan Chase & Co.
383 Madison Avenue, New York, NY 10179-0001
NYSE symbol: JPM
www.jpmorganchase.com
News release: IMMEDIATE
JPMORGAN CHASE APPOINTS JENNIFER PIEPSZAK CHIEF FINANCIAL OFFICER; MARIANNE LAKE NAMED CHIEF EXECUTIVE OFFICER OF CONSUMER LENDING - ENCOMPASSING CARD SERVICES, HOME LENDING AND AUTO FINANCE
New York, April 17, 2019 - JPMorgan Chase & Co. (NYSE: JPM) announced today that Jennifer Piepszak, currently Chief Executive Officer of its Card Services business, will become Chief Financial Officer for the company and a member of its Operating Committee, effective May 1, 2019. Ms. Piepszak succeeds Marianne Lake, who will become Chief Executive Officer of Consumer Lending, which includes Card Services, Home Lending and Auto Finance.
“Jennifer Piepszak is an enormously talented executive who has greatly strengthened the world-class Card Services business we have today,” said Jamie Dimon, CEO of the firm. “Even more importantly, she is a first-class leader and partner who has excelled over the past 25 years in increasingly critical business and finance roles across our Corporate and Investment Bank and Consumer & Community Banking businesses.”
“Marianne Lake has served with distinction as our firm’s CFO and as a deeply knowledgeable and trusted partner to me and my colleagues,” Dimon said. “We are fortunate to have such an extraordinary executive taking the helm of our Consumer Lending businesses, a part of the firm she knows extremely well having acted as CFO of Consumer & Community Banking from 2009-2012.”
Gordon Smith, Co-President and Chief Operating Officer, and CEO of Consumer & Community Banking, added: “I’ve had the privilege of working closely with both Jenn and Marianne for many years. They are truly exceptional talents who will not only build on our company’s successes, but also help us to accelerate our strong momentum in serving customers and communities in the future.”
As head of the Office of the CFO, Ms. Piepszak will report to Jamie Dimon and be responsible for a number of areas, including Finance & Business Management, the Chief Investment Office, and the Chief Administrative Office. Prior to heading Card Services, Ms. Piepszak served as CEO of the firm’s Business Banking unit, and prior to that she held a variety of other senior roles, including CFO of Mortgage Banking and Controller of Mortgage Banking and Retail Financial Services. She joined JPMorgan Chase in 1994 and held a variety of roles in the Corporate & Investment Bank as well.
Exhibit 99.1
As head of Consumer Lending, Ms. Lake will be responsible for leading Card Services, Home Lending and Auto Finance, reporting to Co-President Gordon Smith and continuing as a member of the company’s Operating Committee. Prior to becoming CFO of the firm, Ms. Lake was CFO of Consumer & Community Banking. She served as the Investment Bank’s Global Controller from 2007 to 2009 and held a number of roles in the Consumer Bank and Investment Bank in New York and London since joining the firm in 1999. Ms. Lake started her career as a chartered accountant at PricewaterhouseCoopers in their London and Sydney offices.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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Investor Contact: | Jason Scott | 212-270-7325 | Media Contact: | Joseph Evangelisti | 212-270-7438 |