Original Source Material
Tyler Woulfe, managing director of banking and trust services, will replace bank CEO Paul Woolway, who will retire July 1. Schwab's CIO and top wealth executive will also see added responsibility.
Charles Schwab banking unit CEO to retire
Summary
Paul Woolway will retire as CEO of Charles Schwab's banking unit on July 1; Tyler Woulfe will take over the role.
Why It Matters for Texas Credit Unions
The article does not mention Texas specifically and is about a change in leadership at a financial services company, which does not directly impact Texas credit union operations or compliance requirements.