TD Ameritrade Suspends Search For New CEO After Schwab Deal
November 25 2019 - 6:51AM
Dow Jones News
By Colin Kellaher
TD Ameritrade Holding Corp. (AMTD) on Monday said it has
suspended its search for a new chief executive after the discount
broker agreed to be acquired by rival Charles Schwab Corp. (SCHW)
in a $26 billion stock deal.
The Omaha, Neb., company launched the search in July after
announcing that its current CEO, Tim Hockey, planned to step down
by the end of February.
TD Ameritrade said Stephen Boyle, currently executive vice
president and chief financial officer, will serve as interim
president and chief executive, effective immediately.
The company said Mr. Boyle will guide its management team
through its fiscal 2020 plan and the proposed integration with
Schwab.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 25, 2019 06:36 ET (11:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
TD Ameritrade (NASDAQ:AMTD)
Historical Stock Chart
From Mar 2024 to Apr 2024
TD Ameritrade (NASDAQ:AMTD)
Historical Stock Chart
From Apr 2023 to Apr 2024