Christopher V. Dodds, the executive vice president and CFO of The Charles Schwab Corporation, has announced that he is to retire on 18 May following Schwab’s annual stockholders meeting. Joseph R. Martinetto, Schwab’s senior vice president & treasurer, will then replace him as CFO.
“Chris has played a pivotal role helping to steer Schwab, and in particular, helping me turn the company around and put it on its renewed trajectory of growth during the last three years,” says Charles R. Schwab, the founder, chairman and CEO of The Charles Schwab Corporation. “One of Chris’s great strengths has been building a team of executives around him, and we’re confident of a smooth transition for Joe, a nine-year veteran at Schwab and a strong executive to fill the CFO role.”
Dodds joined Schwab in 1986 and has held a variety of financial positions in treasury, corporate development, and financial planning and analysis.
“I feel that Schwab is superbly positioned for success in the years ahead and I am extremely fortunate to have reached a point in my life where I now have the flexibility to be able to devote more time and attention to my family and my community,” adds Schwab. “Leaving behind the daily demands of my current job provides me the time to pursue other activities including service on corporate boards and philanthropic activities, and to create a different work-life balance.”
Martinetto, joined Schwab in 1997 as senior vice president and treasurer. During his tenure at Schwab he has also held the role of chief financial officer for the Schwab Investor Services enterprise. He resumed the role of treasurer in 2003 and in 2005 also assumed responsibility for the company’s financial planning and analysis function. Prior to joining Schwab, Martinetto was senior vice president, senior assistant treasurer at Transamerica Corporation and senior vice president, asset liability management at First Interstate Bancorp. He received his BA from Claremont McKenna College in Claremont California and an MBA from the University of California, Berkeley.