E*Trade Financial Corp (NASDAQ:ETFC) is slated to lose its Chief Financial Officer (CFO), Matthew Audette, who announced that he is parting ways with the company, according to an E*Trade statement.
Mr. Audette will be leaving E*Trade to assume the role of CFO at brokerage firm LPL Financial Holdings Inc. Despite the move, E*Trade has already taken steps to fill the void, by having its Chief Risk Officer, Michael Pizzi, assume control of its finance department later this month on June 15, 2015.
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Mr. Audette served as E*Trade’s CFO since early 2011 – in his new role as the CFO of LPL Financial, he will maintain a sphere of influence across the group’s national operations, across such cities as Boston, Charlotte, N.C. and San Diego.
Alternatively, Mr. Pizzi has yet to give a concrete plan on how he will be utilizing E*Trade’s stock buybacks, dividends and capital investments, revealing only that capital deployment was his top priority.