American Express CEO Stephen Squeri to Step Down After 40 Years at Company
Stephen Squeri, who has served as CEO of American Express for the past eight years, will step down. He spent his entire career of more than 40 years at the company. The announcement marks the end of a long tenure for the executive who rose through the ranks internally.
fortune.comStephen Squeri has served as CEO of American Express for the past eight years. He built his entire career of more than 40 years inside the company before taking the top role. The company announced that Squeri will step down as chief executive. He joined American Express more than four decades ago and advanced through a series of positions over that time.
Squeri spent his full professional life at the financial services firm. The eight years as CEO represent only the most recent chapter of an internal career that began in the early 1980s. The announcement comes as American Express continues to operate in a competitive payments and credit card market.
No immediate details were provided on the timing of the transition or the identity of a successor. The company has not released further statements on future leadership plans or strategic shifts following the change at the top.
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