JPMorgan Chase on Tuesday promoted insider Jennifer Piepszak, seen as a strong contender to succeed CEO Jamie Dimon, as its chief operating officer in a sweeping executive reshuffle. Piepszak will succeed Daniel Pinto,

JPMorgan Chase & Co. on Tuesday named Jennifer Piepszak its new chief operating officer, but the company’s four major department heads remain more likely successors to Chief Executive Jamie Dimon to head up the largest U.

The largest U.S. bank by assets has elevated Jennifer Piepszak to chief operating officer, in preparation for Daniel Pinto's retirement in 2026. But Piepszak is not interested in being CEO, the company said.