MutualFundWire.com: Schwab Seeks Retail Prez
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Thursday, February 21, 2002

Schwab Seeks Retail Prez


The senior ranks at Charles Schwab are getting another shakeup. The broker is seeking a new head for its retail business as Steven L. Scheid, vice chairman and president of Schwab Retail resigned. The firm is leaning towards internal candidates to fill the post. While it looks David Pottruck will assume Scheid's duties.

Schwab also announced that Dawn Lepore, vice chairman and cio, will expand her corporate responsibilities and take the title of vice chairman of Technology and Administration. Geoff Penney, executive vice president assumes the position of chief information officer. Mary McLeod, joins the broker as executive vice president, Human Resources from a similar post at Cisco Systems. Both Penney and McLeod will report to Lepore. Finally Beth Sawi, chief administration officer, will transition to an executive coaching role as an interim step to her retirement.


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