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JPMorgan appoints General Dynamics CEO as board member

Reuters
Updated ·1 min read
FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in New York

(Reuters) - JPMorgan Chase & Co <JPM.N> on Wednesday named General Dynamics Corp <GD.N> chief Phebe Novakovic as a director, making her the fourth woman to join the board of America's biggest bank.

Novakovic, who joined General Dynamics in 2001 and took over as chairman and CEO in 2013, led the defense contractor in its 2018 acquisition of federal services provider CSRA Inc.

The director-elect, whose appointment is effective Dec. 7,also serves on the boards of Abbott Laboratories and Northwestern University, among others.

Linda Bammann, Mellody Hobson and Virginia Rometty are the other female board members at JPMorgan.

(Reporting by Niket Nishant in Bengaluru; Editing by Saumyadeb Chakrabarty and Devika Syamnath)