Dennis Weatherstone, former head of J.P. Morgan, is being pursued by The New York Stock Exchange to be its next chairman, Reuters reports.

Although sources told Reuters that Weatherstone, 73, has already rejected the position, soon-to-be CEO John Thain will reportedly continue trying to convince Weatherstone to take the job. Currently, the retired Weatherstone is a member of the NYSE’s independent board of directors, having been named to it in December.

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