Stacey Friedman to Succeed Steve Cutler Next Year as General Counsel of JPMorgan Chase; Cutler to be Appointed Vice Chairman ...
06 July 2015 - 11:45PM
Business Wire
JPMorgan Chase (NYSE: JPM) announced today that Stacey Friedman,
General Counsel of the company’s Corporate & Investment Bank,
will succeed Steve Cutler as General Counsel of the firm early next
year, when Mr. Cutler will be appointed Vice Chairman of the firm.
Ms. Friedman will report to Mr. Cutler and act as his deputy for
the rest of this year, and she will join the company’s firm-wide
Operating Committee next year when her new role becomes effective.
Both Mr. Cutler and Ms. Friedman will report to Chairman and CEO
Jamie Dimon next year in their new roles.
Jamie Dimon said: “We are fortunate to have two such superb
executives in Steve and Stacey. Steve has done a simply outstanding
job for nearly nine years heading our Legal function during some of
the most challenging times in our history. In the face of enormous
pressures and challenges, he has been the consummate lawyer and
General Counsel -- handling all that has come before him with great
judgment, integrity and professionalism, and all with a relentless
focus on doing what’s best for the firm. I tried to convince Steve
to stay on as our General Counsel for even longer, but he said next
year is the right time for him to try something different.”
“Fortunately, we are blessed with another extraordinary talent,
Stacey Friedman, to succeed Steve as General Counsel,” Mr. Dimon
continued. “Stacey joined our company three years ago from Sullivan
& Cromwell, where she spent more than a year working full-time
with our company on matters ranging from mortgage-backed securities
to our purchase of Washington Mutual. She is recognized throughout
the legal and finance communities and across our company as an
outstanding legal mind and a first-rate executive. Steve recruited
Stacey to our firm and highly recommended her to me and our Board
as a great successor. We couldn’t agree more.”
Mr. Cutler, in his role next year as Vice Chairman of the
Company, will act as a senior advisor to Jamie Dimon and other
executives across the firm, as well as to the company’s Board of
Directors. He will continue to assist on complex legal issues,
including key matters that are already in progress. Cutler is
expected to advise on important corporate governance and
shareholder matters, as well as regulatory issues and culture
initiatives.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of $2.6 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 consumers 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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JPMorgan Chase & Co.Investor Contact:Sarah Youngwood,
212-270-7325orMedia Contact:Joseph Evangelisti, 212-270-7438
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