Charles Schwab Bank CEO Paul Woolway to retire on July 1

Paul Woolway, CEO of Charles Schwab (SCHW) Bank, will retire on July 1, 2026, after more than 16 years with the company. Tyler Woulfe, Managing Director, Banking & Trust Services, will succeed Woolway as President and CEO of Charles Schwab Bank, effective July 1, 2026, and will report to Neesha Hathi, Managing Director, Wealth Advisory and Banking Services. Mitch Mantua, General Auditor, also retires on July 1, 2026, after a decade of service. Jessica Bramhall, Managing Director, Internal Audit – Corporate, will become General Auditor, effective July 1, 2026, and will report functionally to the Audit Committee and administratively to Schwab President and CEO Rick Wurster. Neesha Hathi will lead a newly created Wealth Advisory and Banking Services organization, expanding her current responsibilities to include Charles Schwab Bank effective July 1, 2026. This organization will focus on deepening relationships with individual investors and advisors through expanded wealth advisory and lending capabilities. Hathi will continue to report to Wurster. Dennis Howard, currently Chief Information Officer, will lead a newly formed Technology, Operations, and Data organization, expanding his current responsibilities to include operations alongside technology and data functions. As Chief Technology, Operations and Data Officer, Howard will continue to report to Wurster. “These changes reflect the strength and depth of our leadership bench,” said Rick Wurster, President and CEO.