E*Trade Financial names shareholder designee to board of directors

By Lisa Kerner

Charlotte, N.C., June 10 - Shareholder Citadel LP's designee, Kenneth Griffin, was appointed as a class II director of E*Trade Financial Corp.'s board of directors on Monday, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.

Griffin, president and chief executive officer of Citadel Investment Group, LLC, will also stand for re-election at E*Trade's 2010 annual meeting, the company said.

Citadel beneficially owns 89,163,729 shares, or 15.6%, of the New York-based financial services company.

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