TD Ameritrade Holding Corporation (NYSE: AMTD) today welcomes Bharat Masrani to its board of directors. Masrani, a designee of The Toronto-Dominion Bank (“TD Bank”), was elected under the terms of TD Ameritrade’s stockholders agreement. He fills a seat vacated by Kerry Peacock, who stepped down from the board.
Masrani is currently the chief operating officer for TD Bank Group, and the board of directors of TD has announced its intention that he will become group president and chief executive officer effective on Nov. 1, 2014. He has more than 26 years of banking experience and has held a number of leadership positions in his tenure at TD. In September 2006, Masrani took on the role of president of TD Bank US Holding Company and TD Bank, N.A., assuming the position of chief executive officer in March 2007, which he held until his current appointment on July 1, 2013. He holds a Bachelor’s degree in Administrative Studies from York University and a Master’s of Business Administration from the Schulich School of Business, York University.
Additionally, in accordance with the terms of the Company’s stockholders agreement, Todd Ricketts will step down from the board effective Feb. 12, 2014. Ricketts’ seat will be filled by an independent director. Peter Ricketts, the other director designated by the Ricketts family, will continue to serve on the board.
The TD Ameritrade board of directors offers its gratitude to Peacock and Ricketts for their service and contributions to the Company.
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