- JPMorgan CEO Jamie Dimon turned 69 in March.
- Dimon was asked about his succession plan during the company's investor day event on Monday.
- Dimon did not give names but said the company's board was "thinking about succession."
JPMorgan CEO Jamie Dimon said on Monday that the company's board is thinking about succession, but he stopped short of saying who will take his place.
"We have built a very deep bench," Dimon said at the company's investor day event when asked about its succession plans.
"What we've told you is that the board has intent. It's not a promise. It's not a commitment. It's intent — to be, and prudent, to be thinking about succession. And we should be doing that," Dimon added.
Dimon instead emphasised the importance of maintaining JPMorgan's culture, no matter who helms it.
"If I'm here for four more years and maybe two more or three, executive chair or chairman, that's a long time," Dimon said.
"But to me, the most important thing, when it gets handed over, you have real teams, real cultures, and hopefully keep on building it. If you look at the best companies in the world, that's what they had. They continued going forward, regardless of, necessarily, who the CEO was," Dimon added.
This isn't the first time Dimon, who turned 69 in March, has been asked about his retirement plans.
During the company's earnings call in January, Dimon was asked who his successor could be. Dimon did not give any names, though he did mention that JPMorgan's board has been interviewing several candidates for the job.
"We have several exceptional people. You guys know most of them. Maybe one or two, you don't know," Dimon said in January. "The board reviews and meets with them all the time."
"And obviously, we're not going to tell the press, but it's not determined yet," Dimon said in the earnings call.
At last year's investor day event, Dimon joked that his retirement timetable was "not five years anymore."
"I have the energy that I've always had. That's important. I think when I can't put the jersey on and give it my fullest, then I should leave basically," Dimon said in May 2024.
Representatives for Dimon at JPMorgan did not respond to a request for comment from Business Insider.
