American Express Company said Monday that its Board of Directors elected Kenneth I. Chenault, 49, Chairman and Chief Executive Officer, effective immediately. Today’s announcement completes the previously-announced transition of leadership to Mr. Chenault from his predecessor, Harvey Golub, 62.
Mr. Chenault has served as CEO since January 1 of this year, when he assumed those responsibilities from Mr. Golub. Mr. Chenault will no longer use the title of President, a position he has held since 1997.
American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a world leader in charge and credit cards, Travelers Cheques, travel, financial planning, business services, insurance and international banking. For more information, visit [http://www.americanexpress.com].