E*TRADE Financial Corporation announced that, effective January 22, 2013, its Board of Directors has appointed Paul T. Idzik as the company's Chief Executive Officer. Interim CEO Frank J. Petrilli, who has served since August, 2012, will continue as Chairman of the Board. Rodger A. Lawson will step down as Lead Independent Director, a role he has served since August, 2012, but will remain on the Board.

Paul T. Idzik, 51, was most recently Group Chief Executive of DTZ Holdings PLC in London. He also served 10 years at Barclays PLC, most recently as Group Chief Operating Officer and before that as Chief Operating Officer of Barclays Capital. Mr. Idzik started his career as a consultant, and spent more than a decade with Booz Allen Hamilton.

He also sits on the Board of Trustees of the Oxford Philomusica, Oxford's professional symphony orchestra.