Summary
American Express Company (AXP) announced a key executive appointment on March 28, 2018. Richard Petrino, age 50, has been appointed as the new Executive Vice President, Corporate Controller, and Principal Accounting Officer, effective immediately. This appointment signifies a change in the company's top accounting and financial reporting leadership. Mr. Petrino brings extensive experience within American Express, having held various senior roles since 1996, including significant tenures in operational risk, capital markets, and investor relations. His background also includes experience with CS First Boston and KPMG, where he qualified as a Certified Public Accountant. He succeeds David Fabricant, who has been serving as Acting Corporate Controller and Principal Accounting Officer and will now return to his role as Senior Vice President, Controllership.
Key Highlights
- 1Appointment of Richard Petrino as Executive Vice President, Corporate Controller, and Principal Accounting Officer.
- 2Effective immediately as of March 28, 2018.
- 3Mr. Petrino has a long-standing history with American Express since 1996.
- 4Previous roles for Mr. Petrino include Senior Vice President, Global Head of Operational Risk and Oversight, and Senior Vice President, Head of Global Capital Markets and Basel Program.
- 5Mr. Petrino is a Certified Public Accountant with prior experience at CS First Boston and KPMG.
- 6David Fabricant transitions from Acting Principal Accounting Officer back to Senior Vice President, Controllership.
- 7The appointment was announced via a press release filed as Exhibit 99.1.