JPMorgan (JPM -0.6%) announces the retirement of David Cote and Ellen Futter from the Board....

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM -0.6%) announces the retirement of David Cote and Ellen Futter from the Board. Only the timing was in question for this move as the two sat on the risk policy committee despite having limited or negative experience with such matters at financial institutions. Both were reelected at the May annual meeting, but with a slim majority of the vote, and management leaked board changes were coming.