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E*Trade Names Petrilli New Chairman;CEO Freiberg To Stay On Board

DOW JONES NEWSWIRES E*Trade Financial Corp. (ETFC) said Frank J. Petrilli was named its new chairman, replacing Chief Executive Steven Freiberg, who held the role on an interim basis. The online brokerage's last permanent chairman was Robert Druskin, a former Citigroup Inc. (C) executive who left E*Trade in May to become chairman of the Depository Trust & Clearing Corp. Petrilli, 61 years old, has more than 30 years of experience in investing and financial services. Most recently, he was chief executive of Surge Trading Inc. and previously served as chief executive of Nexxar Group Inc. "A seasoned veteran and well-recognized leader in our industry, Frank's experience makes him an ideal addition to our board," said Freiberg, who will remain on the board and as CEO. "In addition to his in-depth understanding of both securities brokerage and consumer banking businesses, Frank has a proven record of leading successful growth in the retail investing segment." E*Trade last week posted an unexpected fourth-quarter loss as the company boosted a portion of its loan loss allowance by $67 million and recorded write-downs of $15 million related to certain loans in the process of foreclosure. Shares were down 0.6% at $8.14 premarket. As of Friday's close, the stock was down 30% over the past three months. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for E*trade Financial (ETFC)
DateTimeHeadline
06/30/201516:05:00Retirement Savings Worry Looms Large
06/26/201517:05:36Statement of Changes in Beneficial Ownership (4)
06/26/201517:03:13Initial Statement of Beneficial Ownership (3)
06/26/201517:02:46Initial Statement of Beneficial Ownership (3)
06/26/201515:09:40Current Report Filing (8-k)
06/25/201516:16:52Current Report Filing (8-k)
06/12/201508:05:00E*TRADE Financial Corporation Reports Monthly Activity for May...
06/04/201517:21:47Current Report Filing (8-k)
06/03/201508:05:00E*TRADE Financial Exceeds $50 Billion in Retirement Assets
06/03/201508:01:41Current Report Filing (8-k)
06/02/201513:13:03Millennials Know They Should Be Investing. So Why Aren't They?
06/01/201517:45:15E*Trade Finance Chief Leaving to Join LPL Financial
06/01/201516:42:41Current Report Filing (8-k)
06/01/201516:05:00E*TRADE Financial Corporation Announces Leadership Transition
05/28/201508:07:30Securities Registration: Employee Benefit Plan (s-8)
05/26/201516:05:00E*TRADE Takes the Pulse of Today’s Mobile Investors
05/22/201508:05:00E*TRADE Financial Corporation Announces Upcoming Speaking Engagement
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201518:05:02What Is Kevin Spacey's Net Worth?
05/14/201508:05:00E*TRADE Financial Corporation Reports Monthly Activity for April...

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