Article: Joseph Sclafani Joins E*TRADE FINANCIAL Board of Directors.

NEW YORK -- E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today announced that Joseph L. Sclafani, retired executive vice president and controller, J.P. Morgan Chase & Co., has joined the Board of Directors of E*TRADE FINANCIAL Corporation effective June 30, 2008. Mr. Sclafani, 59, will be a member of the Company's Finance and Risk Oversight Committee and the Company's Audit Committee, where he will be designated a financial expert.

"Joe is one of the most experienced corporate controllers in the industry, and his knowledge of accounting and financial issues is second-to-none," said Donald H. Layton, Chairman of the Board and Chief Executive Officer for E*TRADE ...

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