JPMorgan CEO Jamie Dimon told a top business conference Thursday that he plans to stay on in the role for “at least” another five years — an oft-repeated refrain from the exec that a spokesperson described as a joke.
The 69-year-old veteran has spent two decades at the helm of the financial giant, and talk of who will succeed him has long dominated Wall Street chatter.
“I love what I do,” Dimon said in an interview with Carlyle Group founder David Rubenstein, who directly put that time frame to the long-serving chief executive.
“It’s up to the board how long I do it. As long as I have the energy and the spirit in the eye and the fire in the gut, yeah, I want to do it,” Dimon added.
Dimon has long made a habit of answering “five years” whenever someone asked when he would step down as CEO, no matter who asked. He recently acknowledged in media appearances that the timeline was shrinking.
“Nothing has changed on timing. He was joking,” a JPMorgan spokesman told The Post on Thursday.
Marianne Lake — the head of the financial giant’s consumer and community banking unit and a 25-year veteran of JPMorgan — has been seen as the main frontrunner to take over from Dimon
Other contenders include Doug Petno and Troy Rohrbaugh, co-CEOs of JPMorgan’s investment banking operations, and Mary Erdoes, who leads the firm’s asset and wealth management unit.
