American Express president Ed Gilligan dies at 55

1 Jun 2015 | Author: | No comments yet »

AmEx president dies suddenly after falling ill on flight.

The president of American Express, who was viewed as a likely successor to chief executive Kenneth Chenault, has died on the way home from a business trip at the weekend.The global bank’s chief executive officer Ken Chenault said: “This is deeply painful for all of us who had the great fortune to work with Ed and benefit from his insights, leadership and enthusiasm. Financial services firm American Express’ President Ed Gilligan died on Friday, while travelling in a corporate plane which was en-route to New York. He assumed the role of president in 2013. “His contributions have left an indelible imprint on practically every area of our business, from Commercial Card and Travel to International, Consumer, Small Business, Merchant Services, Network Services and, most recently, the group forging our digital partnerships and driving payment innovations,” said Kenneth I.

Chenault, American Express’ chairman and CEO in a letter to the company’s employees. “Ed was a living embodiment of our values, embracing both our heritage of service, trust and integrity, as well as our entrepreneurial spirit that has helped continually transform this company through the years,” he continued. “He was a champion of diversity and employee development, and his mentorship has helped create a legacy of strong leaders wherever he went,” said Chenault. “We mourn his loss, and we will have opportunities to share our memories of him more fully in the coming days.” American Express has a “very deep management team,” and it’s possible someone else could be promoted to a more senior role and groomed for leadership of the company, Shanahan added. In April, the company announced it would increase the annual fee on some of its popular charge cards, while also noting it would be beefing up some of those cards’ benefits as well. Earlier this year, American Express faced some problems when company lost its exclusive connection with Costco and also lost a United States antitrust suit.

Here you can write a commentary on the recording "American Express president Ed Gilligan dies at 55".

* Required fields
All the reviews are moderated.
Our partners
Follow us
Contact us
Our contacts

About this site