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

Group 1 - Walt Bettinger, CEO of Charles Schwab Corp., is retiring at the end of December 2024 after 16 years in leadership [1] - Rick Wurster, currently the President of Charles Schwab, will succeed Bettinger as CEO on January 1, 2025 [1] - Bettinger will continue to serve as co-chair of Schwab's board after his retirement [1] Group 2 - Under Bettinger's leadership since 2008, client assets at Schwab have increased from $1.14 trillion to$9.74 trillion, and client brokerage accounts have grown from fewer than 10 million to over 43 million [2] - The growth in client assets and accounts is partly attributed to Schwab's acquisition of Ameritrade, which was completed in 2020 [2] - Shares of Schwab experienced a decline of less than 1% in premarket trading following the announcement of Bettinger's retirement [2]