By Elias Schisgall

Charles Schwab named Tyler Woulfe as the new chief executive of Charles Schwab Bank, succeeding Paul Woolway, who is retiring.

Woulfe, currently managing director of banking and trust services, will take over on July 1 from Woolway, who will end a 16-year career at Charles Schwab, the company said Thursday.

General Auditor Mitch Mantua will also retire on July 1, the company said. Mantua will be succeeded by Jessica Bramhall, currently a managing director overseeing internal audits.

The company also appointed Neesha Hathi to lead a newly created wealth advisory and banking services organization, and named Chief Information Officer Dennis Howard the head of a new technology, operations and data organization.

Charles Schwab also said it was raising its quarterly dividend by 19% to 32 cents a share.

The new payout, equal to $1.28 a year, represents a 1.2% annual yield based on the company's Thursday closing price of $103.47.

The dividend will be paid on Feb. 27 to shareholders of record as of Feb. 13.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

January 29, 2026 16:54 ET (21:54 GMT)

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