Walt Bettinger, the long-time CEO of Charles Schwab, has announced his retirement, effective at the end of 2024. Having led the financial firm since 2008, Bettinger played a crucial role in steering the company through various challenges. Rick Wurster, currently the president of Schwab, will take over the role of CEO. This transition marks a significant change in leadership for the firm as it continues to revamp its banking unit and strategies moving forward.