Financial service company The Charles Schwab Corporation has appointed its current CEO Walter Bettinger II as co-chairman of the Schwab board of directors, along with founder and co-chairman Charles Schwab.
Bettinger will maintain his current chief executive responsibilities and will also share responsibilities for leadership of the board with Schwab. Schwab will continue to be actively involved in the firm’s strategic direction and corporate governance.
Bettinger has served as CEO of The Charles Schwab Corporation and as a member of the board of directors since 2008. He also held the title of president from 2008 until 2021.
In addition to becoming co-chairman for the Charles Schwab Corporation, Bettinger will become co-chairman of the boards of the firm’s banking subsidiaries: Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB; and Charles Schwab Trust Bank.
Commenting on Bettinger’s appointment, Schwab says: “Walt embodies the firm’s belief in service and integrity and is an excellent steward of the business as both CEO and a member of the board. The board will benefit greatly from Walt’s expertise and insight.”
