John S. Clendening is responsible for growing firm-wide profits through increasing net interest income, creating cross-enterprise operating leverage and institutionalizing growth through client loyalty.

In this role, Clendening’s accountabilities include:

• Corporate strategy development, including assessment of consumer sentiment, competitive landscape, market position and operating environment, and implications for corporate and business line strategy;
• Product management for the firm’s net interest income-generating products, including deposits, client cash, and lending; and the firm’s Alternative Investment offerings;
• Platform strategy and management for the firm’s client websites, broker desktop, client reporting and client data management;
• Schwab Center for Financial Research, which provides individual investors and Schwab’s proprietary portfolio managers with commentary and decision making tools, including Schwab Equity Ratings® and the Mutual Fund OneSource Select List®;

Before joining Schwab in January 2004, Clendening was president and founder of Business Services for eMac Digital, a venture of McDonald’s Corporation and Accel-KKR. Prior to that, he served as senior vice president, chief marketing officer and chief web officer, Living.com; senior vice president and chief marketing officer, Consumer Bank of First Union (later Wachovia now Wells Fargo); and vice president and general manager, Refrigerated and Frozen Juices, Minute Maid – a division of the Coca-Cola Company.

Clendening earned a Bachelor of Arts degree in economics, with highest distinction, from Northwestern University. He received his Master of Business Administration degree, with honors, from the Harvard Graduate School of Business Administration.

(0609-9327)