The bank's shareholders meeting comes as the firm contends with a probe into its anti-money-laundering controls.
The bank's net interest income rose 11% in the first quarter from a year earlier, falling short of analyst expectations.
JPMorgan's CEO says AI could “augment virtually every job.”
Milley will advise the bank's board of directors, senior leaders and clients on dangers around the world.
Regulators publicly warned the industry last year to carefully assess any large exposures to debt on commercial property.
Insiders have been predicting the firm would need to rotate bosses to give them new challenges.
Dimon was granted a $1.5 million salary and $34.5 million of performance-based incentive compensation.
Bucking the trend, the firm wants to add head count.
This year was marred by the biggest U.S. bank failures since the 2008 financial crisis.
Dimon has been saying for over a year that despite being in good shape now, U.S. consumers and businesses are facing major headwinds.