Ameritrade Holding Corporation (Nasdaq:AMTD) today announced that Joe Moglia, its chief executive officer, and the Company have agreed to extend the period of his employment as CEO at least through the current fiscal year, which ends September 30, 2005. The terms of the extension also include a role of CEO Emeritus for up to five years following his term as CEO.
"Under Joe's leadership Ameritrade has become a leading brokerage company by completing seven acquisitions, increasing revenues by almost 100 percent and generating record earnings," said Joe Ricketts, Ameritrade chairman and founder. "The entire Board is delighted he has agreed to extend his contract as CEO and provide continued consultation in a future role as CEO Emeritus. Joe helped build the strategy and solid foundation that is enabling us to grow accounts, assets and profitability and we are pleased to continue to have the benefit of his expertise."
"We have made great progress in growing and strengthening Ameritrade both organically and through strategic acquisitions. I look forward to leading our outstanding associates and management team as well as providing guidance for years to come," said Moglia.