Ameritrade CEO Joe Moglia Announces Plans to Stay; CEO Emeritus Role Added to Agreement.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. -- Ameritrade Holding Corporation (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ) today announced that Joe Moglia Joe Moglia is the current CEO of TD Ameritrade, the largest online discount brokerage firm in the world. Born in Queens, New York, Moglia was a football coach for 16 years, finishing as a Dartmouth College assistant from 1981-1983. , its chief executive officer, and the Company have agreed to extend the period of his employment as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at least through the current fiscal year, which ends September 30, 2005. The terms of the extension also include a role of CEO Emeritus e·mer·i·tus adj. Retired but retaining an honorary title corresponding to that held immediately before retirement: a professor emeritus. n. pl. for up to five years following his term as CEO. "Under Joe's leadership Ameritrade has become a leading brokerage company by completing seven acquisitions, increasing revenues by almost 100 percent and generating record earnings," said Joe Ricketts, Ameritrade chairman and founder. "The entire Board is delighted he has agreed to extend his contract as CEO and provide continued consultation in a future role as CEO Emeritus. Joe helped build the strategy and solid foundation that is enabling us to grow accounts, assets and profitability and we are pleased to continue to have the benefit of his expertise." "We have made great progress in growing and strengthening Ameritrade both organically and through strategic acquisitions. I look forward to leading our outstanding associates and management team as well as providing guidance for years to come," said Moglia. About Ameritrade Holding Corporation Ameritrade Holding Corporation has a 29-year history of providing investment services to self-directed individuals through its brokerage subsidiaries. Ameritrade develops and provides innovative products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. A brokerage industry leader, Ameritrade, Inc.,(1) a subsidiary of Ameritrade Holding Corporation, was the first financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization recognized by J.D. Power and Associates as a Certified Call Center. For more information, please visit www.amtd.com. (1)Ameritrade, Inc., member NASD/SIPC |
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