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Schwab Announces the Appointment of Two New Board Members

The Charles Schwab Corporation announced the appointment of two new members to the company’s board of directors. Marianne C. Brown and Gerri K. Martin-Flickinger will join the board as independent directors, effective August 1, 2020.

Brown currently serves as a board member of Akamai Technologies, Inc., Northrop Grumman Corporation and VMware, Inc. She most recently served as the chief operating officer (COO) for Fidelity National Information Services, Inc.’s (FIS) global financial solutions organization, prior to which she was the chief operating officer, financial systems for Sungard Data Systems, which was acquired by FIS. Throughout her career, she has held various C-suite roles in the financial services and technology industries, including President and Chief Executive Officer of Omgeo LLC and Chief Executive Officer of Securities Industry Automation Corporation.

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Martin-Flickinger is Starbucks executive vice president and chief technology officer. She is responsible for technology strategies and teams that enable the company to connect with customers worldwide. Prior to Starbucks, she served as chief information officer at Adobe and previously was chief information officer at VeriSign, Inc., Network Associates, Inc., and McAfee Associates, Inc. She began her career at Chevron Corporation, where she held several senior systems roles.

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The company also announced Roger O. Walther’s decision to retire from the Board, effective December 31, 2020. The Board has appointed Paula A. Sneed to serve as Chair of the Compensation Committee, effective as of Mr. Walther’s retirement.

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“We are very excited to welcome Marianne and Gerri to our board of directors. They bring decades of leadership and expertise in operational efficiency and technology – two areas that are vital to our company’s ongoing success and strategy,” said Founder and Chairman Charles Schwab. “I would like to thank Roger for his many years of dedicated service to our company and Paula for her continued counsel in her new leadership role.”

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