Charles Schwab's CFO Peter Crawford To Retire, Succeeded By Mike Verdeschi, Joining May 20 As Deputy CFO; Joe Martinetto Will Transition From His Role As COO To Assume The Role Of Executive Chairperson Of The Schwab Banks
Portfolio Pulse from Benzinga Newsdesk
Charles Schwab Corporation announced executive transitions as part of its long-term succession planning. CFO Peter Crawford will retire and be succeeded by Mike Verdeschi, who will join as Deputy CFO on May 20. Joe Martinetto will transition from COO to Executive Chairperson of the Schwab Banks effective June 28, 2024.
May 16, 2024 | 12:58 pm
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Charles Schwab Corporation announced that CFO Peter Crawford will retire and be succeeded by Mike Verdeschi. Joe Martinetto will transition from COO to Executive Chairperson of the Schwab Banks.
The executive transitions are part of Schwab's long-term succession planning. While these changes are significant, they are planned and should not cause immediate disruption. The market may view the news as neutral in the short term.
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