Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Appointment of President
On October 11, 2021, the Board of Directors of The Charles Schwab Corporation
(CSC) appointed Richard A. Wurster, 48, as President of CSC, effective October
15, 2021. Mr. Wurster has been the Executive Vice President, Head of Schwab
Asset Management Services of CSC since 2019 and Executive Vice President -
Schwab Asset Management Solutions of Charles Schwab & Co., Inc. (CS&Co) since
2019. He has been Chief Executive Officer of Charles Schwab Investment
Management, Inc. since 2019 and Chief Executive Officer and President of Charles
Schwab Investment Advisory, Inc. since 2018.
Mr. Wurster served as Senior Vice President of CS&Co from 2016 until 2019, Chief
Executive Officer of ThomasPartners, Inc. from 2016 until 2018, and Chief
Executive Officer of Windhaven Investment Management, Inc. from 2016 until 2018.
Mr. Wurster joined the company in 2016.
CS&Co, Charles Schwab Investment Management, Inc., and Charles Schwab Investment
Advisory, Inc. are subsidiaries of CSC, and ThomasPartners, Inc. and Windhaven
Investment Management, Inc. were subsidiaries of CSC during Mr. Wurster's
tenure.
Walter W. Bettinger II, who served as President and Chief Executive Officer of
CSC, will continue to serve as Chief Executive Officer of CSC.
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