James Dimon Released From Hospital Following Heart Surgery
March 12 2020 - 12:41PM
Dow Jones News
By David Benoit
JPMorgan Chase & Co. Chief Executive James Dimon has been
released from the hospital and is recovering at home, a week after
undergoing emergency heart surgery, the bank said in a memo to
employees Thursday.
"We want you to know that his doctors said he is doing very well
in all aspects of his recovery," the memo from co-Presidents Daniel
Pinto and Gordon Smith said. "He is in good spirits and looking
forward to reengaging with our team soon."
Mr. Dimon, who turns 64 on Friday, checked himself into a
Manhattan hospital on March 5 after experiencing chest pains while
getting ready for work.
He had suffered an acute aortic dissection -- a rare and often
fatal separation of tissues in the wall of the aorta -- and
underwent several hours of surgery to repair it.
Messrs. Pinto and Smith are running JPMorgan in Mr. Dimon's
absence, a live test of the bank's board-approved emergency
succession plan.
Mr. Dimon's sudden illness coincided with a sharp market selloff
brought on by the worsening coronavirus outbreak. Bank stocks, in
particular, have suffered. Shares of JPMorgan are down 37% this
year after hitting all-time highs on the first day of trading this
year.
Mr. Dimon has been CEO of JPMorgan since 2005, the longest run
of the current big bank chiefs, and his eventual retirement has
long been the subject of speculation. When asked about his
retirement plans on a call with reporters earlier this year, Mr.
Dimon said he had about five years left in the job.
People close to Mr. Dimon said his timeline hasn't changed, and
he has been in contact with JPMorgan staff during his recovery.
Write to David Benoit at david.benoit@wsj.com
(END) Dow Jones Newswires
March 12, 2020 13:26 ET (17:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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