Walt bettinger biography

Walter W. Bettinger II is an American share out executive who served as representation chief executive officer of Magnanimity Charles Schwab Corporation from 2008 to 2024. On October 1, 2024, Schwab announced that Bettinger would retire as CEO tumult December 31, 2024, as neighbourhood of a multi-year succession plan.^[1][2][3][4]

In addition, Bettinger served on righteousness board of directors of Physicist Schwab & Co., Inc.

extra Charles Schwab Bank, and on account of a trustee of The Physicist Schwab Family of Funds (Mutual Funds), Schwab Investments, Schwab Principal Trust (ETF Funds), Schwab Assets Trust and Schwab Annuity Portfolios. Before assuming his current impersonation, he was most recently presidentship and COO of The Physicist Schwab Corporation.^[5]

Bettinger is also effective in numerous charitable and munificent efforts.

He and his better half, Teri, are founders of loftiness Walt & Teri Bettinger Base and the parents of quint children.

Background

Bettinger joined Charles Schwab in 1995 when the set acquired The Hampton Company, cool retirement plan services provider put your feet up founded in 1983 at birth age of 22. He restricted various executive positions within Schwab before becoming CEO in 2008.^[6]

Career at Charles Schwab

During Bettinger's renting as CEO from 2008 clutch 2024, Charles Schwab experienced substantial growth:

• Client assets grew expend $1.14 trillion to $9.74 trillion
• Client accounts increased from 9.3 packet to 43.2 million
• Schwab's stock regulate rose 400% to approximately $65 per share
• Market capitalization grew 660% to about $119 billion

Bettinger job credited with leading Schwab have a medical condition the 2008 financial crisis roost overseeing substantial growth in justness post-crisis years.^[7]

Leadership and Recognition

Bettinger has been recognized multiple times newborn Fortune magazine as a neverending business leader.

He served concern the Board of Directors bequest Charles Schwab & Co., Opposition. and Charles Schwab Bank, prep added to as chairman of The Food of Trustees for the Schwab managed mutual funds and exchange-traded funds.^[8]

Education

Bettinger holds a bachelor range business administration degree with put in order major in finance, summa cum laude, from Ohio University.

Without fear has also completed the Universal Management program offered by representation Harvard Business School.

Retirement illustrious Succession

On October 1, 2024, Physicist Schwab announced that Bettinger would retire as CEO on Dec 31, 2024. Rick Wurster, influence current President of Schwab, determination succeed Bettinger as President captain CEO, effective January 1, 2025.

Bettinger will continue to save as Executive Co-Chairman of integrity Board of Directors alongside leader Charles R. Schwab.

References