Arab Today, arab today etrade appoints interim ceo
Last Updated : GMT 05:25:49
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E-Trade appoints interim CEO

Arab Today, arab today

Arab Today, arab today E-Trade appoints interim CEO

Washington - UPI

Frank Petrilli will be interim chief executive officer for E-Trade Financial, succeeding Steven Freiberg, who was dismissed, the online trading company said. Rodger Lawson was appointed as lead independent director and will be a representative for the non-management directors, the Palo Alto, Calif.-based company said in a release. Petrilli, who has served on E-Trade\'s board since January 2012, will remain as board chairman. A search committee was formed to find a permanent CEO, E-Trade said. The board\'s decision to dismiss Freiberg came after it discussed his performance during a meeting Wednesday, people familiar with the situation told The Wall Street Journal. The company recently unveiled a strategy designed to strengthening the company\'s core brokerage business while placing less emphasis on its banking products. Petrilli, in a statement Thursday called the brokerage business \"the heart of the company.\" \"The board believes it is an appropriate time to transition the role of CEO to a new leader to guide the company through the next phase of its evolution,\" he said.

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