NEW YORK - JPMorgan Chase & Co. (NYSE: NYSE:JPM), the U.S.-based financial services giant, has announced the election of Michele G. Buck to its board of directors, with her tenure set to commence on March 17, 2025. Buck, 63, currently serves as the Chairman, President, and CEO of The Hershey Company (NYSE:HSY), and is recognized for her extensive experience in the consumer-packaged goods industry.
With a career spanning over three decades, Buck has been instrumental in driving business transformations and fostering growth. Prior to her CEO role at Hershey which began in 2017, she held various senior positions within the company, including Chief Operating Officer and President of North American operations. Buck's professional journey also includes significant stints at Kraft/Nabisco and Frito-Lay, part of PepsiCo (NASDAQ:PEP), where she began her career.
In addition to her executive roles, Buck is also involved in governance at New York Life, a Fortune 100 company, where she has served as Lead Independent (LON:IOG) Director and chaired both the Operations and Compensation Committees. Her philanthropic endeavors include serving as Benefit Co-Chair for the Children's Brain Tumor Foundation.
Jamie Dimon, Chairman and CEO of JPMorgan Chase, praised Buck's track record of leading complex global organizations and her commitment to customer and employee service. Buck expressed her honor in joining the JPMorgan Chase board and her eagerness to contribute to the firm's ongoing investments in innovation and service.
JPMorgan Chase, with assets totaling $4.2 trillion and stockholders' equity of $346 billion as of September 30, 2024, is a leader in various financial sectors, including investment banking and asset management, serving millions of customers under the J.P. Morgan and Chase brands. The company has demonstrated strong financial performance, with revenue reaching $162.15 billion in the last twelve months and maintaining a conservative P/E ratio of 13.44. InvestingPro subscribers can access 12 additional exclusive ProTips and comprehensive analysis through the Pro Research Report, offering deeper insights into JPMorgan's market position and growth potential.
The information for this article is based on a press release statement.
In other recent news, JPMorgan Chase & Co. has ended a long-standing lawsuit with Tesla (NASDAQ:TSLA) Inc., with both parties agreeing to drop their respective claims. Concurrently, JPMorgan has successfully closed a public offering of $2.5 billion in aggregate principal amount of Fixed-to-Floating Rate Notes due in 2045. In the realm of analyst assessments, Baird downgraded JPMorgan Chase stock from Neutral to Underperform, while Piper Sandler confirmed its Overweight rating on the company's shares.
Further developments include the US Treasury Department's ongoing investigation into JPMorgan's business dealings with Ocean Leonid Investments Ltd., a hedge fund linked to Iranian oil trader Hossein Shamkhani. Amid these events, JPMorgan's CEO Jamie Dimon has reportedly been providing counsel on the policy agenda of president-elect Donald Trump.
These recent developments reflect a dynamic period for JPMorgan, with significant legal, financial, and regulatory activities shaping the company's landscape. It's important to note that these are recent developments and may impact the company's future operations.
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