E*TRADE Financial Appoints Rodger A. Lawson And Rebecca Saeger To Board Of Directors

E*TRADE Financial Corporation (NASDAQ: ETFC) today announced Rodger A. Lawson and Rebecca Saeger have been appointed to the Company’s Board of Directors effective February 10, 2012. Additionally, the Company announced Lewis E. Randall is retiring after almost 30 years of service on the Board effective February 10, 2012.

Rodger Lawson

“Rodger is a visionary leader, a master of operational execution and brings a stellar track record of achievement spanning over 30 years with several of the world’s most successful and admired financial services organizations,” said Steven Freiberg, Chief Executive Officer of E*TRADE Financial. “He is a rare talent and his experience, insight and perspective will be invaluable in helping to shape E*TRADE’s ongoing strategic and operational focus.”

Mr. Lawson, 65, is a distinguished executive who most recently served as President and CEO of Fidelity Investments – Financial Services, where he is widely credited with leading significant improvements in operational efficiency and performance, and successfully guiding Fidelity through very challenging market conditions.

Prior to joining Fidelity, Mr. Lawson served in several senior executive roles with Prudential including Vice Chairman of Prudential Financial. He has held numerous other executive positions in financial services, including President and CEO of Van Eck Global, and President, CEO and Partner of Global Private Banking at Bankers Trust Asset Management. Previously, Mr. Lawson was President and CEO of Fidelity Investments Retail Group, and CEO of the Dreyfus Service Corporation.

Mr. Lawson is currently on the Board of Directors of UnitedHealth Group, Inc., and has served in board roles for the Dreyfus Service Corporation, Fidelity Investments, and Van Eck Global. He earned a Bachelor of Arts from London University and a Master of Science from Bradford University.

Rebecca Saeger

“Becky brings a wealth of industry knowledge and experience to the E*TRADE Board,” said Mr. Freiberg. “She is highly accomplished, with expertise in strategic planning, organizational management, marketing and brand development. Becky’s understanding of the retail financial marketplace and consumer will be of great value to the management team, particularly in context of her significant achievements driving market perception and growth in consumer financial services.”