NEW YORK, April 23, 2001 -- American Express
Company said today 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, investment products, insurance and international banking.
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