Stephen Squeri is the CEO of American Express.
Squeri graduated from Manhattan College with a bachelor of science in 1981 and an MBA in 1986. Beginning in 1981, Squeri spent four years as a management consultant at Arthur Andersen. As of 2017, Squeri also sits on the boards of J.Crew and The Guardian Life Insurance Company of America. He is a member of the board of trustees for the Valerie Fund and Manhattan College. Squeri also serves as a member of the board of governors for Monsignor McClancy Memorial High School in Queens.
Squeri joined American Express in 1985 as a manager in the Travellers Cheque Group. From 2000 to 2002, he served as President of the Establishment Services group in the U.S. and Canada, and he was President of the Corporate Card group from 2002 to 2005, during which time he globalized the business. He became the company’s Chief Information Officer in 2005 and also led the Corporate Development function, overseeing mergers and acquisitions. In 2009, he was named Group President and led the formation of the Global Services Group, consolidating and globalizing the company’s shared services functions. He was named Vice Chairman in 2015. In 2018, Squeri became Chairman and CEO of American Express after the retirement of Kenneth Chenault.
The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company is best known for its charge card, credit card, and traveler's cheque businesses.
In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the US. As of December 31, 2017, the company had 112.8 million cards in force, including 50 million cards in force in the United States, each with an average annual spending of $18,519.
In 2017, Forbes named American Express as the 23rd most valuable brand in the world (and the highest within financial services), estimating the brand to be worth US$24.5 billion. In 2018, Fortune ranked American Express as the 14th most admired company worldwide, and the 23rd best company to work for.