Peter Crawford Joins CD&R as Operating Advisor to Propel Financial Services Growth

CD&R Welcomes Peter Crawford as Operating Advisor

On February 12, 2025, Clayton, Dubilier & Rice (CD&R) announced the appointment of Peter Crawford, previously the Chief Financial Officer (CFO) of Charles Schwab, as an Operating Advisor. This strategic alignment aims to enhance the firm’s capacity to identify and assess new investment opportunities within the financial services sector.

David Winokur, Partner at CD&R, heralded this appointment, emphasizing Crawford's extensive experience, particularly in wealth management and retirement services. Over a distinguished career spanning nearly two and a half decades, Crawford has cultivated a rich track record of leadership and innovation, making his expertise significant for CD&R's future endeavors.

Before this appointment, Crawford's 23 years at Charles Schwab featured several high-profile roles culminating in his position as CFO from 2017 to 2024. His leadership facilitated the unprecedented integration of TD Ameritrade clients, a landmark event in the investment broker industry that set a precedent. In recalling his experience, Crawford noted that integrating such a large client base was not merely about numbers; it was about developing effective transition frameworks that prioritize customer satisfaction and operational efficiency.

As Operating Advisor, Crawford's role will involve not just identifying potential investment opportunities, but also fostering collaboration between CD&R and its existing portfolio companies. His proactive approach is geared towards supporting these businesses in achieving accelerated growth while adhering to CD&R's core values of management excellence and operational performance.

Crawford's tenure at Charles Schwab was marked by the organization's assets exceeding $10 trillion—a milestone indicative of his effective financial oversight. His responsibilities spanned a variety of sectors, including product management for Schwab Funds and overseeing key client services. His capabilities were further recognized during his tenure as chief of staff to Charles Schwab himself, where he was profoundly involved in shaping company strategy.

Educationally, Peter Crawford holds a bachelor's degree, graduated magna cum laude from Yale University, and an MBA from the prestigious Stanford Graduate School of Business. This robust academic background, coupled with his extensive professional experience, positions him as an invaluable asset.

CD&R, established in 1978, has maintained a streak of successful partnerships by adopting meticulous investment strategies that underscore operational excellence and sustainable growth. The firm manages a diverse canvas of investments across industries—ranging from healthcare and technology to consumer products—reflecting a commitment to pursuing businesses that demonstrate long-term value creation.

In commenting about his new role, Crawford stated, "CD&R has cultivated a reputation for operational excellence. I am keen to use my experience to uncover and realize growth potential across the company's portfolio of investments."

With Crawford's strategic leadership at the helm, CD&R seems set for an exciting trajectory as it embarks on a mission to foster impactful growth in the financial services arena, underlined by a steadfast commitment to management best practices and sustainable business practices.