JPMorgan Chase & Co. (NYSE:JPM) today posted a filing with the Securities and Exchange Commission (SEC) concerning Board changes.

On December 15, 2020 Lee R. Raymond notified the company of his intention to resign as a member of the Board of Directors, effective December 31, 2020. JPMorgan Chase & Co explains that Mr Raymond’s resignation is not the result of any disagreement with the company.

Lee R. Raymond was Chairman of the Board and Chief Executive Officer of ExxonMobil, the world’s largest publicly traded international oil and gas company, from 1999 until he retired in 2005. He was Chairman of the Board and Chief Executive Officer of Exxon Corporation from 1993 until its merger with Mobil Oil Corporation in 1999 and was a director of Exxon and Exxon Mobil Corporation from 1984 to 2005. Mr. Raymond began his career in 1963 at Exxon.

Mr Raymond is a member of the Council on Foreign Relations, an emeritus Trustee of the Mayo Clinic, a member of the National Academy of Engineering and a member and past Chairman of the National Petroleum Council.

He graduated from the University of Wisconsin and received a Ph.D. in Chemical Engineering from the University of Minnesota.