JPMorgan Chase & Co. said Lee Raymond, the company’s longest-serving director, is resigning from the board.
Raymond, the former Exxon Mobil Corp. boss who’s been on the board of the biggest U.S. bank for more than three decades, notified JPMorgan of his intention to resign effective Dec. 31, according to a regulatory filing Friday. The decision was “not the result of any disagreement with the company,” according to the filing.
JPMorgan said in May it was planning to name a replacement for Raymond, 82, after nonprofit groups and some large investors pushed to remove him due to his track ...
