Walt Bettinger, president and COO of Charles Schwab Corp., will succeed the company’s founder and chairman, Charles Schwab, as CEO of the company, effective October 1. Bettinger was named to his current position in February 2007. He joined Charles Schwab after the company acquired in 1995 the retirement plan services firm he founded, The Hampton Company.
?- The Board of Vanguard Group has elected F. William McNabb CEO of Vanguard, effective August 31. He will succeed John Brennan, who has served as CEO since 1996. Brennan will remain as chairman of the Vanguard Board and the Vanguard funds, and will continue to be involved in strategic business and fund management issues. McNabb joined Vanguard in 1986.
?- AARP announced the appointment of Richard Hisey as the new president of both AARP Financial Inc. and AARP Funds. Hisey has served as CIO of AARP Financial and Treasurer for AARP Funds since 2006.