Summary
JPMorgan Chase & Co. (JPM) filed an 8-K on January 4, 2017, to announce a change in its Principal Accounting Officer. Effective January 16, 2017, Nicole Giles will assume the role of Corporate Controller, replacing Mark O'Donovan. Ms. Giles, a CPA with extensive experience at JPM since 1996, most recently served as CFO for the Investor Services business within the Corporate & Investment Bank. This transition is a routine personnel announcement, but investors should note the appointment of a new Principal Accounting Officer who will be responsible for the integrity of the company's financial reporting. Mark O'Donovan, the outgoing Corporate Controller, will be transitioning to a new role as CEO of Auto Finance within the Consumer & Community Banking division. The company has not indicated any performance issues or reasons for the change beyond a standard internal reallocation of talent.
Key Highlights
- 1Nicole Giles appointed Corporate Controller (Principal Accounting Officer) effective January 16, 2017.
- 2Nicole Giles replaces Mark O'Donovan as Corporate Controller.
- 3Ms. Giles is a Certified Public Accountant (CPA).
- 4Ms. Giles has been with JPMorgan Chase since 1996.
- 5Most recently, Ms. Giles was CFO for Investor Services in the Corporate & Investment Bank.
- 6Mark O'Donovan appointed CEO of Auto Finance in Consumer & Community Banking.
- 7This is a routine management and personnel change announcement.