8-KLeadership ChangesExhibits & Filings

AMERICAN EXPRESS CO 8-K Report, Executive Changes (Oct 12, 2007)

Filed October 12, 2007For Securities:AXP

Summary

This 8-K filing from American Express Company (AXP), dated October 11, 2007, announces a key executive change: the appointment of Daniel T. Henry as Executive Vice President and Chief Financial Officer (CFO), effective October 8, 2007. Mr. Henry, who has been with the company since 1990 and served as acting CFO since February 2007, brings extensive experience to the role. His prior positions include Comptroller and Executive Vice President for significant business segments. The immediate effectiveness of his appointment suggests stability and continuity in financial leadership. While the specific details of his compensation package related to this permanent CFO role are pending and will be filed later, the company has proactively communicated this important leadership transition to the market. Investors should monitor future filings for the finalized compensation details, but the appointment itself signals a finalized decision on the company's financial stewardship.

Key Highlights

  • 1Daniel T. Henry appointed as Executive Vice President and Chief Financial Officer (CFO), effective October 8, 2007.
  • 2Mr. Henry has been with American Express since 1990, bringing significant institutional knowledge.
  • 3He previously served as Executive Vice President and acting CFO since February 2007.
  • 4Mr. Henry's prior roles include Comptroller and Executive Vice President of U.S. Consumer, Small Business, and Merchant Services.
  • 5The appointment signifies a finalized decision on the company's senior financial leadership.
  • 6Compensation details for the new CFO role are not yet determined and will be disclosed in a future filing.
  • 7A press release announcing the appointment is attached as an exhibit.

Frequently Asked Questions

Daniel T. Henry has been appointed as the Executive Vice President and Chief Financial Officer of American Express Company, effective October 8, 2007.

Daniel T. Henry has a long tenure with American Express, joining in 1990. He has held various significant positions, including Comptroller, Executive Vice President of U.S. Consumer, Small Business and Merchant Services businesses, and most recently, served as Executive Vice President and acting Chief Financial Officer since February 2007.

The terms of any compensation arrangements resulting from Mr. Henry's appointment as CFO have not yet been determined. American Express will file an amendment to this Form 8-K at a later date to provide the material terms of any such compensation changes.

Yes, the filing announces his appointment as Executive Vice President and Chief Financial Officer, effective immediately as of October 8, 2007. He had been serving in an 'acting' capacity prior to this formal appointment.