BRIEF-Schwab Announces Executive Transitions

Reuters05-16

May 16 (Reuters) - Charles Schwab Corp :

* CHARLES SCHWAB CORP - PETER CRAWFORD, AS CHIEF FINANCIAL OFFICER HAS DECIDED TO RETIRE

* CHARLES SCHWAB CORP - FIRM EXPECTS TO APPOINT MIKE VERDESCHI AS CHIEF FINANCIAL OFFICER

* CHARLES SCHWAB CORP - MIKE VERDESCHI WILL JOIN FIRM AS A MANAGING DIRECTOR

* CHARLES SCHWAB CORP - JOE MARTINETTO WILL TRANSITION FROM HIS ROLE AS CHIEF OPERATING OFFICER TO ASSUME ROLE OF EXECUTIVE CHAIRPERSON

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