The Charles Schwab Corporation announced it will implement a series of executive leadership changes on July 1, 2026, including two planned retirements and several organizational updates intended to align banking, wealth advisory, technology, operations, and data functions more closely with the firm’s client-facing priorities.
Paul Woolway, CEO of Charles Schwab Bank, will retire on July 1, 2026, after more than 16 years with the company. Schwab said Tyler Woulfe, currently Managing Director, Banking & Trust Services, will succeed Woolway as President and CEO of Charles Schwab Bank effective the same day. Woulfe will report to Neesha Hathi, Managing Director, Wealth Advisory and Banking Services.
Schwab also announced that Mitch Mantua, the company’s General Auditor, will retire on July 1, 2026, after a decade of service. Jessica Bramhall, Managing Director, Internal Audit – Corporate, will become General Auditor effective July 1. Schwab said Bramhall will report functionally to the Audit Committee and administratively to Schwab President and CEO Rick Wurster.
Alongside the leadership transitions, Schwab is creating or reshaping two enterprise-wide organizations. Hathi will lead a newly created Wealth Advisory and Banking Services organization, expanding her current responsibilities to include Charles Schwab Bank as of July 1. Schwab said the group will focus on deepening relationships with individual investors and advisors through expanded wealth advisory and lending capabilities, and Hathi will continue to report to Wurster.
In addition, Dennis Howard, currently Chief Information Officer, will assume leadership of a newly formed Technology, Operations, and Data organization, expanding his responsibilities to include operations alongside technology and data functions. Schwab said Howard will hold the title Chief Technology, Operations, and Data Officer and will continue to report to Wurster.
Schwab said it serves 38.5 million active brokerage accounts, 5.7 million workplace plan participant accounts, and 2.2 million banking accounts, with $11.90 trillion in client assets.
KEY QUOTES
“These changes reflect the strength and depth of our leadership bench. I want to thank Paul and Mitch for their significant contributions to Schwab and our clients. As they prepare for retirement, I’m confident that Tyler and Jessica will continue building on the strong foundations Paul and Mitch have established. These moves position us to continue delivering for the individuals, families, and businesses who trust Schwab with their financial lives.”
Rick Wurster, President and CEO
