“We believe that good corporate governance benefits both our shareholders and the company itself,” said Kenneth I. Chenault, Chairman and Chief Executive Officer, American Express. “Steve has broad experience in this area, and he has worked closely with our board, with individual investors and with advocates. Establishing this new position under his leadership will help to ensure that American Express continues to meet high standards and remains in the forefront of good corporate governance.”

The Corporate Governance Officer responsibilities include providing key support to the board of directors regarding the development and implementation of appropriate governance practices and formulating and recommending sound governance principles.

American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a world leader in charge and credit cards, Travelers Cheques, travel, financial planning, business services, insurance and international banking.