OMAHA, Neb.--(BUSINESS WIRE)--TD Ameritrade Holding Corporation (Nasdaq: AMTD) today announced that Marv Adams has decided to resign from his position as executive vice president and chief operating officer (COO). He will serve in an advisory capacity for the next several months, reporting to Tim Hockey, TD Ameritrade president and CEO-elect, before leaving the company on Dec. 1, 2016.
The company has chosen to not replace Adams and will instead streamline its organizational structure to better align with its future strategic goals and objectives. In doing so, it is eliminating the COO position and realigning departments within existing business units.
“Since he joined TD Ameritrade in 2011, Marv Adams has helped create a culture of continuous improvement, making us more agile and simplifying the way we work,” Hockey said. “He has strengthened the stability and capacity of our systems and enhanced operational efficiency. We are grateful to him for all that he’s done for our employees, and for TD Ameritrade, and we wish him the best in his next endeavors.”
Source: TD Ameritrade Holding Corporation
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