(RTTNews) - Friday, E*Trade Financial Corp.
(ETFC), a provider of financial solutions to retail and institutional customers, announced the resignation of its Chief Financial Officer Robert Simmons, effective on or before May 9, 2008. The company also said that its General Counsel and Corporate Secretary Arlen Gelbard has resigned from his position effective April 22, 2008.
Following the resignation of Robert Simmons, Mathew Audette, the company's controller and executive vice president since July 2005, would become acting Chief Financial Officer. As controller, Audette has been an integral part of E*Trade finance staff managing all accounting functions and SEC reporting.
Under his new role as acting CFO, Audette would manage the finance, tax and accounting functions while the company searches for a permanent replacement for Simmons.
Russell Elmer will act as General Counsel on an extended interim basis. Elmer served as the company's General Counsel and Corporate Secretary for six years prior to his departure in June 2007.
During his tenure, Elmer's responsibilities encompassed legal affairs, human resources and compliance. As General Counsel and Corporate Secretary, Elmer will manage the legal and compliance functions for the company.
ETFC closed Friday's regular trading session at $4.00, up 21 cents or 5.54%. In the extended hours trading, the stock lost 5 cents or 1.24% to trade at $3.95.
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