JPMorgan Chase names next HR chief
Executive Take
JPMorgan is putting a business operator, not a career HR executive, in charge of its people function. That signals HR is now treated as a core lever for running the bank, not a support role.
Executive Summary
JPMorgan Chase named Mark O'Donovan, currently CEO of its international consumer banking unit, as its next head of human resources. He will succeed Robin Leopold, who is retiring, starting in January.
Why It Matters
HR leaders should note that a top bank chose a P&L executive to run HR, a sign the CHRO seat is becoming a business role. It also flags a major leadership transition at one of the world's largest employers.
Bizquad Perspective
Promoting a consumer banking CEO into the CHRO seat suggests JPMorgan wants HR run like a business unit, with accountability for growth and cost, not just culture and compliance.