---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-140547"
form_type: "8-K"
ticker: "SCHW"
cik: "0000316709"
company_name: "SCHWAB CHARLES CORP"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T21:53:50.083563+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Schwab announces CFO retirement, COO shift to bank chair; Verdeschi joins as deputy CFO

## Summary
- CFO Peter Crawford to retire after 22 years; Mike Verdeschi to join May 20 as Deputy CFO, expected to succeed as CFO.
- COO Joe Martinetto to step down June 28, 2024, to become Executive Chairperson of Schwab Banks; role not replaced.
- Bernie Clark to transition from Head of Advisor Services to advisory role effective June 28; Jon Beatty to succeed him.
- Tom Bradley named Chief Client Officer for Advisor Services, reporting to Beatty.

## SEC filing metadata
- accession: 0001193125-24-140547
- form_type: 8-K
- ticker: SCHW
- cik: 0000316709
- company_name: SCHWAB CHARLES CORP
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/316709/000119312524140547/0001193125-24-140547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/316709/000119312524140547/d832948d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-140547
- JSON: https://secwatch.observer/filing/0001193125-24-140547.json
- Plain text: https://secwatch.observer/filing/0001193125-24-140547.txt

## Key facts
- Executive change
  Joseph R. Martinetto resigned as Chief Operating Officer at SCHWAB CHARLES CORP.
  - Action: resigned
  - Role: Chief Operating Officer
  source text: Joseph R. Martinetto notified The Charles Schwab Corporation (the “Company”) of his resignation from his position as Managing Director and Chief Operating Officer of the Company, effective as of June 28, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/316709/000119312524140547/0001193125-24-140547-index.htm
- Executive change
  Peter B. Crawford resigned as Chief Financial Officer at SCHWAB CHARLES CORP.
  - Action: resigned
  - Role: Chief Financial Officer
  source text: Peter B. Crawford notified the Company of his intent to retire from his Managing Director and Chief Financial Officer position at the Company following a planned transition period with the effective date of his retirement to be determined in the future.
  evidence_url: https://www.sec.gov/Archives/edgar/data/316709/000119312524140547/0001193125-24-140547-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.