TD Ameritrade’s chairman, Joe Moglia, was introduced Wednesday as the president and head coach of the expansion Virginia Destroyers of the United Football League.

When the 2011 season begin, the Destroyers will become the sixth team in the United Football League.

Moglia, who was the executive advisor to the head football coach at the University of Nebraska for the past two seasons, had previously been the defensive coordinator at Dartmouth.

He plans to continue as chairman of TD Ameritrade. A spokesman for the company said that he recently signed a three-year contract with the company that runs through 2013.

Moglia has worked for TD Ameritrade since 2001. He was CEO from 2001 to 2008 before he was replaced by Fred Tomczyk. Before joining TD Ameritrade, Moglia worked for Merrill Lynch.

“We have a new head coach who is a proven winner both on and off the field,” said Michael Huyghue, the commissioner of the UFL.

Huyghue said that he and Moglia met six months ago to discuss a return to coaching. “It was immediately evident that he has a passion for the game, a belief that he will succeed and an impressive football knowledge that has evolved during his years away from the sidelines and with the Nebraska Cornhuskers,” Huyghue said.

Moglia will assume his first professional head coaching position 27 years after he left the Dartmouth, having won two Ivy League championships, to pursue a career in business. 

 “That has been my goal and is where my heart, passion and skill sets lie,” Moglia said. “The head coach is your CEO. He is your leader of the program for players, fans and the community and I have been doing that at a national and global level for the last two decades.” 

“I have spent my entire life coaching, both in business and for 18 years coaching football.  I know football, but what I really know is how to bring together a team, a program and an organization in a way that enables them to win.,” he said. “I have done that my entire life.  I am ready to do that on the football field.”

Moglia has already hired Tom Olivadotti, a 21-year veteran of the NFL coaching ranks, as his defensive coordinator.