Two women in line to replace Jamie Dimon at JPMorgan

Two women in line for top job at JPMorgan

What you probably already know: Jamie Dimon has been CEO of JPMorgan since 2006, and is one of the longest serving CEOs in the Fortune 100. But this week, he indicated for the first time that he’s working with the board on a succession plan.

Why? While the decision is ultimately up to the board, Dimon is extremely powerful and will hold significant sway in the selection process. He has positioned three people — two of whom are women — in top spots.

What it means: Jenn Piepszak and Marianne Lake are well positioned for the CEO role, along with Troy Rohrbaugh. Piepszak and Rohrbaugh currently serve as co-CEOs of the company’s commercial and investment bank, and Piepszak was previously the company’s CFO. Lake was also a previous JPMorgan CFO and is now CEO of the consumer and community banking division.

What happens now? Dimon, who is often cited as the most influential person in banking, has said for years that his retirement is “five years out” but this discussion of succession suggests there’s a timeline on the table. Only 7.5% of U.S. banks are run by women, and only 10% of Fortune 500 companies have female CEOs.