Deborah McWhinney, president of Schwab Institutional (SI) since 2001, has resigned her position effective immediately, and has been succeeded by Charles Goldman, SI’s COO. As president of SI, Goldman will report to Walt Bettinger, who was named president and COO of Charles Schwab Corp. in February.
Goldman was traveling as the news of McWhinney’s resignation broke May 21 among Schwab employees and affiliated advisors, and was unavailable for comment. He joined Schwab in 2001, and became COO of Schwab Institutional in 2005.