Charles Schwab, which reported better than expected earnings last week, is making some changes at the top.
Terri Kallsen, who has led its retail brokerage operations since 2014, is leaving along with Andy Gill, the firm's chief marketing officer. Jonathan Craig, a senior executive vice president in charge of retail and retirement plan businesses and the former boss of both executives, assumes their former responsibilities, but will no longer be the executive that Bernie Clark, head of Schwab Advisor Services, reports to.
Clark will now report directly to Schwab President and CEO Walter Bettinger, along with Jonathan Craig.