NEW YORK, April 18 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation
(NYSE: ET) today announced that Stephen H. Willard, who has been a member of
the Board of Directors of E*TRADE Bank since 2000, has joined the Board of
Directors of E*TRADE FINANCIAL Corporation effective April 15, 2005. Mr.
Willard, 44, is currently Executive Vice President, Chief Financial Officer
and General Counsel of Flamel Technologies, S.A., (Nasdaq: FLML) a
biopharmaceutical company. Mr. Willard will serve as a member of the Board's
Audit Committee.
Prior to assuming his management roles in the high-growth biotech
industry, Mr. Willard served as Associate Director of Resolutions of the
Federal Deposit Insurance Corporation ("FDIC"), where he was responsible for
the management and resolution of troubled banks with assets in excess of $1
billion. He served at the FDIC for three years and had extensive interactions
with all bank regulatory agencies. He has also worked as an investment banker
and as an attorney in private practice.
"E*TRADE FINANCIAL will benefit greatly from Mr. Willard's depth of
management experience and his extensive knowledge of and experience with our
retail banking and lending operations," said George Hayter, Chairman of the
Board, E*TRADE FINANCIAL. "His keen understanding of our business will make
him a great addition to our outstanding Board, and he will no doubt have a
positive influence on the long-term growth and profitability of the Company."
About E*TRADE FINANCIAL
The E*TRADE FINANCIAL family of companies provides financial services
including investing, trading, banking and lending for retail and institutional
customers. Securities products and services are offered by E*TRADE Securities
LLC (Member NASD/SIPC). Bank and lending products and services are offered by
E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.
Important Notice
E*TRADE FINANCIAL and the E*TRADE FINANCIAL logo are registered trademarks
or trademarks of E*TRADE FINANCIAL Corporation. The statements contained in
this news release that are forward-looking are based on current expectations
that are subject to a number of uncertainties and risks, and actual results
may differ materially. The uncertainties and risks include, but are not
limited to, changes in market activity, anticipated increases in the rate of
new customer acquisition, the conversion of new visitors to the site to
customers, the activity of customers and assets held at the institution,
seasonality, the development and enhancement of products and services,
competitive pressures (including price competition), system failures, economic
and political conditions, changes in consumer behavior and the introduction of
competing products having technological and/or other advantages. Further
information about these risks and uncertainties can be found in the
information included in the annual reports previously filed by E*TRADE Group,
Inc. or E*TRADE FINANCIAL Corporation with the SEC on Form 10-K (including
information under the caption "Risk Factors") and quarterly reports on Form
10-Q.
E*TRADE FINANCIAL Media Contact
Pam Erickson
E*TRADE FINANCIAL Corporation
617-296-6080
pam.erickson@etrade.com
E*TRADE FINANCIAL Investor Relations Contact
Adam Townsend
E*TRADE FINANCIAL Corporation
703-236-8719
adam.townsend@etrade.com
SOURCE E*TRADE FINANCIAL Corporation
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Related links:
http://www.etrade.com
CONTACT:
media, Pam Erickson, +1-617-296-6080, or
pam.erickson@etrade.com, or investor relations, Adam Townsend,
+1-703-236-8719, or adam.townsend@etrade.com, both of E*TRADE
FINANCIAL Corporation
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