|Tuesday, 16 April 2013 13:08
|New president for Amex
American Express has promoted Edward Gilligan to president, effective immediately.
The company’s global consumer, small business, merchant, network, risk and banking groups will continue to report to him.
Gilligan, 53, has served as vice chairman of American Express since 2007 when he was named head of a Business-to-Business group responsible for the company’s relationships with merchants, corporations and bank partners globally. He took on his current responsibilities in 2009.
He joined the company in 1980 and led several different Amex businesses earlier in his career. In 1995, he was named business unit president of Commercial Card and Business Travel for the United States. He was named group president in 2002 and relocated to London, overseeing the International Consumer Card business and the company’s global portfolio of Payment and Travel Services for corporate clients.
Gilligan continues to report to Kenneth Chenault, chairman and chief executive officer.
“Today’s appointment recognises the important role Ed has played over the last four years in helping to lead our largest business group out of the recession and gaining ground on the competition during a period of profound change in the payments industry,” said Chenault. “Under his leadership, we’ve brought the global network and card groups closer together to enhance the way we deliver value to cardmembers and build business for merchants."