Mel Martinez, JPMorgan Chase's senior executive in Florida and the
region, has taken on additional duties as Chairman of the company's
foundation, which donates more than $150 million around the world each
Martinez, who served in the U.S. Senate and as Secretary of Housing and
Urban Development, joined JPMorgan Chase last year and will continue to
represent the firm at the most senior level as chairman of Florida,
Mexico, Central America and the Caribbean.
"Mel has been a terrific leader both inside the company and with our
clients and our communities," said Jamie Dimon, Chairman and Chief
Executive Officer of JPMorgan Chase. "He knows the important role our
firm plays locally, nationally and internationally, and his experience,
integrity, judgment and compassion will serve us all well."
Martinez will oversee the firm's philanthropic organization, which gave
more than $150 million through grants and sponsorships to thousands of
not-for-profit organizations across 28 states and more than 25 countries
last year. He succeeds Bill Daley, who left the firm to become President
Obama's Chief of Staff.
Martinez emigrated from Cuba in the early years of the Castro regime as
a teenager through Operation Peter Pan, a humanitarian program that
relocated 14,000 Cuban children. After living with his younger brother
in refugee camps and foster homes, Martinez worked his way through
school, earning undergraduate and law degrees from Florida State
"My American Dream came true, thanks to the generosity of Americans who
wanted to help young people like my brother and me," said Martinez. "I
feel personally that we all have a tremendous responsibility to help
others and I am pleased to work with my Foundation colleagues who have
done an outstanding job of representing the best that corporate
philanthropy can be."
He worked as an attorney in Orlando for 25 years while serving in
leadership roles on a Who's Who of youth, civic and business
organizations. He was first elected to public office in 1998 as Mayor of
Orange County, representing the greater Orlando area.
At President Bush's request, he became HUD Secretary in 2001 and was
elected as the first Cuban-American to the U.S. Senate in 2004.
JPMorgan Chase has more than 15,000 employees working in Florida and
serves consumers and businesses through more than 280 Chase bank
branches and 1,200 ATMs across the state. The firm announced last week
that it plans to add 37 more Chase bank branches in Florida this year -
adding more than 400 jobs to better serve customers.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services
firm with assets of $2.2 trillion and operations in more than 60
countries. The Firm is a leader in investment banking, financial
services for consumers, small-business and commercial banking, financial
transaction processing, asset management and private equity. A component
of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves
millions of consumers in the United States and many of the world's most
prominent corporate, institutional and government clients under its J.P.
Morgan and Chase brands. Information about JPMorgan Chase & Co. is
available at www.jpmorganchase.com.
JPMorgan Chase & Co.
Norris, office 502-566-3620