AmEx president dies on business trip | Business News

AmEx president dies on business trip

30 May 2015 | Author: | No comments yet »

AmEx president dies on business trip.

Ed Gilligan, the president of American Express and likely successor to take over the company, died unexpectedly on Friday morning after becoming “seriously ill” on a flight from Japan back home to New York. “This is deeply painful and frankly unimaginable for all of us who had the great fortune to work with Ed, and benefit from his insights, leadership and enthusiasm,” Ken Chenault, CEO of American Express, wrote in a memo to all employees. “Our thoughts and prayers go out to his wife, Lisa, and their four children – Katie, Meaghan, Kevin and Shane.NEW YORK, NY – JUNE 10: L-R) Ed Gilligan, President, American Express, with actress Emmy Rossum and Travis Kalanick, CEO and Co-Founder, Uber (Photo by Monica Schipper/Getty Images) [Via MerlinFTP Drop] Edward Gilligan, a high-ranking official at credit card giant American Express, died on Friday after becoming “seriously ill” on one of the company’s corporate jets, the company said.Gilligan was named the company’s president two years ago and joined American Express in 1980 while still a student at New York University, according to the Wall Street Journal. Marina Norville, a spokesperson for American Express, told Mashable the company had yet to hear “final word” on the illness that led to Gilligan’s death.

He was widely believed to be Chenault’s heir apparent. “He devoted his entire career to this company,” the CEO said. “He was a champion of diversity and employee development, and his mentorship has helped create a legacy of strong leaders wherever he went.” Gilligan was paid a $12,033,348 salary, according to Bloomberg Business News. 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.

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.

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