The Charles Schwab Corporation announced a series of planned executive retirements and internal promotions effective July 1, 2026. Paul Woolway, after more than 16 years with the company, will retire as CEO of Charles Schwab Bank and be succeeded by Tyler Woulfe, currently Managing Director of Banking & Trust Services, who will report to Neesha Hathi. In the internal audit function, General Auditor Mitch Mantua will retire after ten years of service; Jessica Bramhall, Managing Director of Internal Audit – Corporate, will assume the General Auditor role and report functionally to the Audit Committee and administratively to President and CEO Rick Wurster. Additionally, Neesha Hathi will lead a newly created Wealth Advisory and Banking Services organization, and Dennis Howard, the current Chief Information Officer, will expand his remit to operations and data as Chief Technology, Operations and Data Officer, both reporting directly to Wurster.

At its recent meeting, the Board declared a 19% increase in the regular quarterly common stock dividend to $0.32 per share, payable February 27, 2026, to shareholders of record as of February 13, 2026. The Board also approved preferred stock dividends for five series: Series D at $0.372 per depositary share; Series H and I at $10.00 per share each; Series J at $0.27825 per share; and Series K at $12.50 per share, all covering the December 1, 2025–February 28, 2026 period and payable March 2, 2026 to holders of record as of February 13, 2026.