Rick Wurster Becomes President and CEO of Charles Schwab on 1 January 2025, Succeeding Walt Bettinger

Rick Wurster formally assumed the titles of President and Chief Executive Officer of Charles Schwab Corporation on 1 January 2025, succeeding Walt Bettinger, who retired from the chief executive role after 16 years; the succession had been announced in October 2024.

Bettinger stepped down as CEO effective 31 December 2024, one day before Wurster's new role took formal effect, and assumed the title of Executive Co-Chairman of the Schwab board. Wurster simultaneously joined the Schwab board as a Director from 1 January 2025.

SUCCESSION

Wurster had served as President of Charles Schwab since 2021.

Bettinger's 16-year tenure at the head of Charles Schwab included the acquisition of TD Ameritrade and the move to zero-commission trading on equities.