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Short Take: E*Trade names new chairman

E*Trade named CEO Christos M. Cotsakos as its next chairman. Cotsakos will take the post at the next shareholders meeting scheduled in March. The online brokerage's founder and chairman, Bill Porter, will assume the title of chairman emeritus. Kathy Levinson, president and chief operating officer of subsidiary E*Trade Securities, was named president and chief operating officer of the parent company.

E*Trade named CEO Christos M. Cotsakos as its next chairman. Cotsakos will take the post at the next shareholders meeting scheduled in March. The online brokerage's founder and chairman, Bill Porter, will assume the title of chairman emeritus. Kathy Levinson, president and chief operating officer of subsidiary E*Trade Securities, was named president and chief operating officer of the parent company.