E*TRADE FINANCIAL Corporation has appointed Stephen H. Willard, who has been a member of the Board of Directors of E*TRADE Bank since 2000, to the Board of Directors of E*TRADE FINANCIAL Corporation.
Willard, 44, is currently executive vice president, chief financial officer and general counsel of Flamel Technologies, S.A., a biopharmaceutical company. Willard will serve as a member of the Board’s Audit Committee.
Prior to assuming his management roles in the high-growth biotech industry, 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.”