He takes over human resources and financial functions, as well as continuing to head the global consumer business.
The post of president has been vacant since Jamie Dimon was forced out three years ago, and the question of who will replace Weill has been left hanging since Weill outmanoeuvred former co-CEO John Reed two years ago. Weill stated that he would try to identify a successor within two years but has done nothing to back that up and has at times appeared to retract the pledge.
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