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JPMorgan Chase Elects Alicia Boler Davis to its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
JPMorgan Chase (NYSE: JPM) has appointed Alicia Boler Davis as a director, effective March 20, 2023. Ms. Davis, currently CEO of Alto Pharmacy, brings extensive experience from Amazon, where she was Senior Vice President of Global Customer Fulfillment, and nearly 25 years at General Motors, culminating as Executive Vice President of Global Manufacturing. Jamie Dimon, Chairman and CEO, expressed confidence in her ability to add substantial value to the firm. With $3.7 trillion in assets and $292 billion in stockholders’ equity as of December 31, 2022, JPMorgan is a leading financial services firm operating globally.
Positive
Alicia Boler Davis brings significant leadership experience from Amazon and General Motors.
Her appointment is expected to enhance JPM's strategic direction and operational efficiency.
Negative
Concerns about potential gaps in continuity and experience following management changes.
NEW YORK--(BUSINESS WIRE)--
JPMorgan Chase (NYSE: JPM) announced today that Alicia Boler Davis, 53, has been elected as a director of the company, effective March 20, 2023.
Ms. Davis serves as Chief Executive Officer of Alto Pharmacy. Prior to Alto, she was Senior Vice President of Global Customer Fulfillment and was a member of the Senior Team (S-Team) at Amazon. She also led Amazon’s worldwide network of customer service operations, robotics and technology, as well as the company’s sustainability, product assurance, real estate, construction, and procurement organizations. Prior to her roles at Amazon, she spent nearly 25 years at General Motors where she became Executive Vice President of Global Manufacturing and Labor Relations. Among other awards and accolades, in 2018 Ms. Davis was named one of The Most Powerful Female Engineers by Business Insider, Black Engineer of the Year by Career Communications Group, and in 2020 and 2021 she was named one of Fortune’s Most Powerful Women.
“Alicia Boler Davis has deep experience in leading complex, global businesses, and she has consistently demonstrated passion for customers and employees. Alicia will add great value to our company, and we are fortunate to attract her as a director to the firm. Along with my fellow directors and leadership team, we are looking forward to working with and learning from her,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase.
“I am excited to join this talented and diverse board and group of leaders at JPMorgan Chase, one of the most influential companies in the world today. I look forward to bringing my expertise and experience as the firm continues to make significant investments and find innovative ways to better serve its customers, employees, and communities,” said Ms. Davis.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $292 billion in stockholders’ equity as of December 31, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
