AmEx CEO Chenault to Exit, Succeeded by Vice Chairman Squeri
- Chenault is one of the most prominent black U.S. executives
- Steve Squeri will take over credit-card company on Feb. 1
Chenault Stepping Down as CEO of American Express
This article is for subscribers only.
American Express Co. Chief Executive Officer Kenneth Chenault is stepping down after 16 years running the credit-card lender and will be replaced by Steve Squeri.
Chenault, 66, will stay on until Feb. 1, the New York-based firm said Wednesday in a statement. Squeri, 58, is vice chairman and has been at AmEx for three decades.