American Express Company Elects Sam Palmisano to Board of Directors

  American Express Company Elects Sam Palmisano to Board of Directors

Business Wire

NEW YORK -- February 21, 2013

American Express Company (NYSE: AXP) today announced that Samuel J. Palmisano
has been elected to its board of directors.

Mr. Palmisano was chairman, president and chief executive officer of IBM from
2003 to 2011. He was chairman of the board from January through September 2012
and continued as senior adviser to IBM until his retirement last December.
Under his leadership, IBM achieved record financial performance, transformed
itself into a globally integrated enterprise and introduced its Smarter Planet

Mr. Palmisano began his career with IBM in 1973 in Baltimore, Maryland. In a
39-year career with the company, he held leadership positions that included
senior vice president and group executive of the Personal Systems Group,
senior vice president and group executive of IBM Global Services, senior vice
president and group executive of Enterprise Systems, and president and chief
operating officer.

“Sam led one of the world’s best known and most respected companies during an
unprecedented period of change and helped IBM to shape many of the trends that
are transforming the world of technology and commerce,” said Kenneth I.
Chenault, chairman and chief executive officer, American Express. “We are very
pleased to welcome a distinguished leader whose business expertise and
leadership experience will be a valuable asset to our company and our board of

Mr. Palmisano is a member of the board of directors of Exxon Mobil

Mr. Palmisano is a graduate of The Johns Hopkins University. Among his many
business accomplishments, Mr. Palmisano was awarded an Honorary Degree of
Doctor of Humane Letters from Johns Hopkins University in 2012 andfrom
Rensselaer Polytechnic Institute in 2005. In 2006, he was awarded an Honorary
Fellowship from the London Business School. Mr. Palmisano has received a
number of business awards, including the Atlantic Council’s Distinguished
Business Leadership Award in 2009 and the inaugural Deming Cup, presented in
2010 by the W. Edwards Deming Center for Quality, Productivity and
Competitiveness at Columbia Business School. He is also an elected member of
the American Academy of Arts and Sciences and served as co-chair of the
Council on Competitiveness’s National Innovation Initiative.

The appointment of Mr. Palmisano to the American Express Company Board of
Directors is effective March 1, 2013.

About American Express

American Express is a global services company, providing customers with access
to products, insights and experiences that enrich lives and build business
success. Learn more at and connect with us on,,,, and

Key links to products and services: charge and credit cards, business credit
cards, travel services, gift cards, prepaid cards, merchant services, business
travel, and corporate card


American Express Company
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