Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Tuesday, October 1, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him

October 1, 2024
in News
Reading Time: 2 mins read
A A
Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him
0
SHARES
ShareShareShareShareShare

READ ALSO

Chinese EV brands Li Auto and Zeekr report record September deliveries

Cybersecurity firm Proofpoint explores external funding as it eyes IPO

Walter “Walt” Bettinger, president and chief executive officer of Charles Schwab Corp., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015.

David Paul Morris | Bloomberg | Getty Images

Charles Schwab CEO Walt Bettinger is retiring from his role at the end of December after 16 years leading the brokerage firm, the company announced Tuesday.

Bettinger will be replaced on Jan. 1, 2025, by Charles Schwab President Rick Wurster. Bettinger will remain as the co-chair of Schwab’s board.

Stock Chart IconStock chart icon

Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him

Charles Schwab, 5 years

In a statement, Bettinger cited his 65th birthday next year as a reason to step aside and praised the choice of Wurster.

“The Schwab Board’s thoughtful and disciplined approach to succession planning helps make this transition smooth. Rick Wurster and I have worked together on a daily basis for more than eight years. I have complete confidence in his leadership, and I am thrilled that the Schwab Board of Directors has selected him as my successor,” the statement said.

Since Bettinger took over in 2008, the company’s client assets have grown to $9.74 trillion from $1.14 trillion, and client brokerage accounts have grown to more than 43 million from fewer than 10 million. This growth is due in part to Schwab’s acquisition of Ameritrade, which closed in 2020.

Shares of Schwab were down less than 1% in premarket trading Tuesday.

Schwab’s stock has gone up roughly 150% during Bettinger’s tenure, but it has underperformed the broader market over the past two years.

Credit: Source link

ShareTweetSendSharePin
Previous Post

Verizon and PlayStation’s network separately hit by outages

Next Post

The crypto market right now is a fake boom economy built on VC money and parties

Related Posts

Chinese EV brands Li Auto and Zeekr report record September deliveries
News

Chinese EV brands Li Auto and Zeekr report record September deliveries

October 1, 2024
Cybersecurity firm Proofpoint explores external funding as it eyes IPO
News

Cybersecurity firm Proofpoint explores external funding as it eyes IPO

October 1, 2024
Cerebras files for IPO
News

Cerebras files for IPO

October 1, 2024
China stocks just had their best day in 16 years, sending related U.S. ETFs soaring
News

China stocks just had their best day in 16 years, sending related U.S. ETFs soaring

September 30, 2024
Iran’s response to Israel is a choice between revenge and survival
News

Iran’s response to Israel is a choice between revenge and survival

September 30, 2024
Truckers, rails scrambling before ILA union shutdown
News

Truckers, rails scrambling before ILA union shutdown

September 30, 2024
Next Post
The crypto market right now is a fake boom economy built on VC money and parties

The crypto market right now is a fake boom economy built on VC money and parties

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Gleyber Torres’ latest fielding gaffe didn’t lead to a Yankees’ loss this time

Gleyber Torres’ latest fielding gaffe didn’t lead to a Yankees’ loss this time

September 14, 2024
Beijing admits China economy faces new ‘problems’

Beijing admits China economy faces new ‘problems’

September 26, 2024
Telegram CEO Pavel Durov hits ‘misguided approach’ of French charges against him

Telegram CEO Pavel Durov hits ‘misguided approach’ of French charges against him

September 6, 2024
Armored Fresh Files Patent for Bespoke Plant-Based Grated Cheese Production

Armored Fresh Files Patent for Bespoke Plant-Based Grated Cheese Production

September 6, 2024
Mark Cuban says Trump’s 200% tariff on John Deere would ‘destroy’ it

Mark Cuban says Trump’s 200% tariff on John Deere would ‘destroy’ it

September 24, 2024
Legal fight erupts over Shohei Ohtani’s historic home run ball

Legal fight erupts over Shohei Ohtani’s historic home run ball

September 27, 2024
IQI Pursues Growth With New Sales Manager

IQI Pursues Growth With New Sales Manager

September 4, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • The Kindle Paperwhite Signature Essentials bundle drops to its lowest price of the year ahead of Prime Day
  • What made Brandon Nimmo’s clutch home run all the more stunning for Mets
  • The crypto market right now is a fake boom economy built on VC money and parties
  • Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In