E*TRADE Appoints New CEO

Discount broker E*TRADE (NASDAQ: ETFC  ) announced it has appointed a CEO. The new chief is Paul Idzik, an outsider, whose latest position was group chief executive for property services at multinational DTZ Holdings. Prior to that, he worked at Barclays. At that bank, he held several high-level management positions, most recently group chief operating officer. Idzik began his career as a consultant in the financial services practice at Booz Allen Hamilton.

Idzik replaces interim CEO Frank Petrilli, who took the position last summer. Petrilli will continue as chairman of the company's board.

Idzik, who will also serve on the board, is to begin his tenure on January 22.


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