Charles Schwab CEO Bettinger to Retire in December After 16 Years at the Helm. President Rick Wurster Named as Successor

Benzinga

Charles Schwab CEO Walt Bettinger will retire at the end of December after sixteen years at the helm. Charles Schwab President Rick Wurster will take over as CEO starting January 1st. Bettinger will remain as co-chair of the board. Under Bettinger’s leadership, Schwab’s client assets grew by over $8 trillion, and brokerage accounts surged by over 30 million. The growth included Schwab’s 2020 acquisition of Ameritrade. Schwab shares were down slightly in premarket trading.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:02Charles Schwab's CEO, Walt Bettinger, will retire at the end of December after 16 years

00:07at the helm.

00:08Charles Schwab president Rick Wurster will take over as CEO starting January 1st.

00:13Bettinger will remain as co-chair of the board.

00:16Under Bettinger's leadership, Schwab's client assets grew by more than $8 trillion, and

00:20brokerage accounts surged by over $30 million.

00:23The growth included Schwab's 2020 acquisition of Ameritrade.

00:27Schwab shares were down slightly in pre-market trading.

00:30For all things money, visit Benzinga.com.

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