This article is from the source 'nytimes' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.nytimes.com/2017/10/18/business/american-express-chenault-squeri.html
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| American Express C.E.O. Ken Chenault to Step Down | |
| (35 minutes later) | |
| American Express said on Wednesday that Kenneth I. Chenault, 66, will retire as its chairman and chief executive next year. He will be succeeded by Stephen J. Squeri. | American Express said on Wednesday that Kenneth I. Chenault, 66, will retire as its chairman and chief executive next year. He will be succeeded by Stephen J. Squeri. |
| Mr. Chenault, who has led American Express since 2001, is one of the longest-serving executives in the finance industry and one of corporate America’s few black chief executives. | |
| “We’re starting a new chapter from a position of strength and this is the right time to make the leadership transition,” Mr. Chenault said in a statement. | “We’re starting a new chapter from a position of strength and this is the right time to make the leadership transition,” Mr. Chenault said in a statement. |
| Mr. Squeri, 58, has been the company’s vice chairman since 2015. He will become chairman when he takes Mr. Chenault’s place on Feb. 1, 2018. | Mr. Squeri, 58, has been the company’s vice chairman since 2015. He will become chairman when he takes Mr. Chenault’s place on Feb. 1, 2018. |