The Charles Schwab Corporation Announces Appointment of New Board Member
October 28 2022 - 8:30AM
Business Wire
The Charles Schwab Corporation today announced its Board of
Directors has approved the appointment of Carrie Schwab-Pomerantz
as a director, effective immediately.
Schwab-Pomerantz is currently a managing director at Charles
Schwab & Co., leading the firm’s efforts across financial
literacy, community service and philanthropy. She is also a
recognized personal finance expert and author, known for her
popular investing advice column Ask Carrie. She originally joined
the firm in 1983 and began her tenure in client-facing and product
roles. She has served as Board Chair of the Charles Schwab
Foundation since 2014 and as Board Chair of Schwab Charitable since
2012. She is Chair of the National Board of Governors for Boys
& Girls Clubs of America and serves on the Board of Directors
of the Haas School of Business at the University of California,
Berkeley. She has advised two presidential administrations on
financial literacy, as a member of the Advisory Council for
Financial Capability under President Barack Obama and as an advisor
to the Advisory Council for Financial Literacy under President
George W. Bush.
“We are fortunate to have Carrie join the Schwab Board,” said
Walt Bettinger, Co-Chairman and Chief Executive Officer of The
Charles Schwab Corporation. “She brings a life-long passion for
helping both investors and communities thrive, as well as
recognized expertise in guiding investors towards financial
wellbeing – an important element of the firm’s long-term
success.”
Schwab-Pomerantz will serve on the Board’s Risk Committee. She
will join the class of directors whose term expires at the
Company’s annual meeting of stockholders in 2023. She will retire
from her current executive role in the firm and step down as chair
of the Charles Schwab Foundation and Schwab Charitable boards in
the first half of 2023.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with 33.9 million active brokerage
accounts, 2.3 million corporate retirement plan participants, 1.7
million banking accounts, and $6.64 trillion in client assets.
Through its operating subsidiaries, the company provides a full
range of wealth management, securities brokerage, banking, asset
management, custody, and financial advisory services to individual
investors and independent investment advisors. Its broker-dealer
subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc.,
and TD Ameritrade Clearing, Inc., (member SIPC, www.sipc.org), and
their affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds;
financial planning and investment advice; retirement plan and
equity compensation plan services; referrals to independent,
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its primary banking subsidiary,
Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender),
provides banking and lending services and products. More
information is available at www.aboutschwab.com.
TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are
separate but affiliated companies and subsidiaries of TD Ameritrade
Holding Corporation. TD Ameritrade Holding Corporation is a wholly
owned subsidiary of The Charles Schwab Corporation. TD Ameritrade
is a trademark jointly owned by TD Ameritrade IP Company, Inc. and
The TorontoDominion Bank.
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