Last week we commented on Blackstone’s C-Suite move that positioned Jonathan Gray as the likely successor to CEO Stephen Schwarzman. Well yesterday another intriguing high-stakes CEO succession situation at JPMorgan Chase was reported in a feature article in the Wall Street Journal. With a photo and all, CFO Marianne Lake moved to the top of potential candidates speculated to be positioned to succeed Jamie Dimon, who announced that he’s remaining CEO for five more years.
Sure, five years is a long time, but clearly the bank is beginning the process of signaling who’s on first base in the fray. What is terrific about Lake is that she is a single mom with two relatively young children, so she has already become a role model for many women executives for her ability to juggle a high-profile and uber-demanding job with family demands.
Whether Lake ends-up with the top job or not, the news around her candidacy is an important signal for Women that progress is finally be made at the highest levels of corporate America.