JPMorgan Chase Board of Directors Welcomes Virginia Rometty; James Bell and Laban Jackson retire from Board
20 May 2020 - 2:19AM
Business Wire
Appoints Todd Combs and Michael Neal as Members
of the Audit Committee and Timothy Flynn as Chair of the Audit
Committee, James Crown as Chair of the Public Responsibility
Committee
JPMorgan Chase (NYSE: JPM) announced today that Virginia (Ginni)
M. Rometty, 62, has been elected as a director of the company,
effective immediately. James A. Bell, 71, and Laban P. Jackson,
Jr., 77, have retired from the Board.
Ginni Rometty serves as Executive Chairman of IBM. She was
previously Chairman, President and Chief Executive Officer of the
company since 2012. During her tenure, Mrs. Rometty led IBM through
the most significant transformation in its history, reinventing the
company to lead in the new era of AI, blockchain, cybersecurity and
quantum technologies. In addition, she serves on the Council of
Foreign Relations, the board of trustees at Northwestern University
and the boards of overseers and managers of Memorial
Sloan-Kettering Cancer Center. She is also the co-chair of the
Aspen Institute’s Cyber Group and is a member of the advisory board
of Tsinghua University School of Economics and Management.
“Ginni Rometty is one of the most accomplished business leaders
of our time — leading IBM’s resurgence during an extremely
competitive and ever-changing environment. We are so fortunate to
attract another outstanding director to our board, and we look
forward to working with her,” said Lee Raymond, Lead Director of
JPMorgan Chase.
“I have known and admired Ginni for some time and had the
opportunity to work with her more closely on the Business
Roundtable during these last two years. She is a dynamic and highly
knowledgeable leader whose perspectives and experience will add
great value to our company as we continue to accelerate our
investments in products, services and technology,” said Jamie
Dimon, Chairman and CEO of JPMorgan Chase.
Ginni Rometty said, “JPMorgan Chase is one of the most
successful companies in the world today and it continues to make
investments to stay on the cutting edge of technology to serve
consumers, businesses and communities. I am excited to join this
diverse board of leaders and bring my experience to help the
company become even stronger for the future.”
James A. Bell, Retired Executive Vice President of The Boeing
Company, and Laban P. Jackson, Chairman and Chief Executive Officer
of Clear Creek Properties, Inc., have retired from the Board. Mr.
Bell served the company with distinction since 2011 and most
recently acted as the Chair of the Board’s Audit Committee. Mr.
Jackson is one of the company’s longest serving directors, having
served in many critical capacities since joining the firm’s
predecessor Bank One board in 1993.
Jamie Dimon said, “The Board and I cannot thank James and Labe
enough for their many contributions to our company over the years.
They helped us navigate through some of the most challenging
economic and political times — and we are a better company today
thanks to their excellent judgement and valuable perspectives.”
In connection with the retirements of Messrs. Bell and Jackson,
the Board of Directors today appointed Timothy P. Flynn as Chair of
the Audit Committee, succeeding Mr. Bell, and appointed Todd A.
Combs and Michael A. Neal as members the Audit Committee. Messrs.
Combs and Neal stepped down from the Public Responsibility
Committee and Risk Committee, respectively. James S. Crown was
appointed as Chair of the Public Responsibility Committee,
succeeding Mr. Flynn. Mrs. Rometty’s appointment to a Board
Committee will be announced in due course.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of $3.1 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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