SOLD OUT - Distinguished Speaker Series - James Dimon
Mr. Dimon had been Chairman and Chief Executive Officer of Bank One since joining in those roles in March, 2000, and will succeed William Harrison as CEO of JPMorgan Chase in 2006.
Mr. Dimon engineered a dramatic turnaround during his four years at Bank One. The company, which reported a net loss of $511 million in 2000, posted record earnings of $3.5 billion in 2003. Mr. Dimon strengthened the management team by promoting talented managers and by recruiting experienced leaders. The company also fortified its balance sheet, improved the service it provides customers, upgraded to a single technology platform and moved to a single brand.
Mr. Dimon began his professional career at American Express Company, serving as Assistant to the President from 1982 until 1985. He then became a key member of the team that launched and defined the strategy for Commercial Credit Company in October 1986, when the consumer lending company was spun off from Control Data Corporation. He served as Chief Financial Officer and an Executive Vice President, and then President. A completely restructured Commercial Credit made numerous acquisitions and divestitures, substantially improving its profitability. Most significantly, in 1987, it acquired and changed its name to Primerica Corporation, which in 1993 acquired The Travelers Corporation and was renamed Travelers Group.
At Travelers, Mr. Dimon was President and Chief Operating Officer for seven years. He was named Chairman and Chief Executive Officer of its Smith Barney Inc. subsidiary in January 1996, having previously been the firm's Chief Operating and Chief Administrative Officer. In November 1997, with the merger of Smith Barney and Salomon Brothers, he became Co-Chairman and Co-CEO of the combined firm. In 1998, he was named President of Citigroup Inc., the global financial services company formed by the combination of Travelers Group and Citicorp in 1998. In addition, he served as Chairman and Co-Chief Executive Officer of Salomon Smith Barney Holdings Inc., the investment banking and securities brokerage subsidiary.
A summa cum laude graduate of Tufts University, Mr. Dimon holds an MBA degree from the Harvard University Graduate School of Business, where he was a Baker Scholar. He serves on the Board of Directors of a number of non-profit institutions, including University of Chicago, Harvard Business School and the United Negro College Fund.
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