Bulletin
Investor Alert

Market Pulse Archives

May 19, 2020, 12:35 p.m. EDT

J.P. Morgan Chase adds IBM Chairman Ginni Rometty to its board of directors

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    JPMorgan Chase & Co. (JPM)
  • X
    Dow Jones Industrial Average (DJIA)
  • X
    International Business Machines Corp. (IBM)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

J.P. Morgan Chase & Co. /zigman2/quotes/205971034/composite JPM +0.32% said Tuesday that it has elected Virginia "Ginni" Rometty to its board of directors, effective immediately. Rometty is currently the executive chairman of fellow Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.36% components International Business Machines Corp. /zigman2/quotes/203856914/composite IBM +0.98% , and was previously also chief executive of IBM. At the same, J.P. Morgan said James Bell, who has been a director since 2011, and Laban Jackson, who has been on the board since 2010, have retired from the board. Bell was also chair of the bank's audit committee. Current board member Timothy Flynn was named chair of the audit committee. With Rometty's election,J.P. Morgan's board currently consists of three women and seven men. J.P. Morgan's stock slipped 0.1% in midday trading and IBM shares eased 0.3%, while the Dow lost 86 points, or 0.4%.

/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 92.66
+0.30 +0.32%
Volume: 0.00
July 2, 2020 4:00p
P/E Ratio
10.46
Dividend Yield
3.89%
Market Cap
$282.34 billion
Rev. per Employee
$497,647
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,827.36
+92.39 +0.36%
Volume: 0.00
July 2, 2020 5:19p
loading...
/zigman2/quotes/203856914/composite
US : U.S.: NYSE
$ 119.70
+1.16 +0.98%
Volume: 0.00
July 2, 2020 4:00p
P/E Ratio
11.86
Dividend Yield
5.45%
Market Cap
$106.28 billion
Rev. per Employee
$208,845
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.