Walter “Walt” Bettinger, president and chief government officer of Charles Schwab Corp., speaks throughout the 2015 Fortune World Discussion board in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015.
David Paul Morris | Bloomberg | Getty Photographs
Charles Schwab CEO Walt Bettinger is retiring from his position on the finish of December after 16 years main the brokerage agency, the corporate introduced Tuesday.
Bettinger shall be changed on Jan. 1, 2025, by Charles Schwab President Rick Wurster. Bettinger will stay because the co-chair of Schwab’s board.
Charles Schwab, 5 years
In an announcement, Bettinger cited his sixty fifth birthday subsequent yr as a cause to step apart and praised the selection of Wurster.
“The Schwab Board’s considerate and disciplined strategy to succession planning helps make this transition clean. Rick Wurster and I’ve labored collectively each day for greater than eight years. I’ve full confidence in his management, and I’m thrilled that the Schwab Board of Administrators has chosen him as my successor,” the assertion mentioned.
