8-KLeadership ChangesExhibits & Filings

AMERICAN EXPRESS CO 8-K Report, Executive Changes (Feb 7, 2020)

Filed February 7, 2020For Securities:AXP

Summary

American Express Company (AXP) filed an 8-K on February 7, 2020, to announce significant changes in its financial leadership. Richard Petrino, previously the Corporate Controller and Principal Accounting Officer, is transitioning to the role of Chief Operating Officer at American Express National Bank. This move signifies a broadening of responsibility for Mr. Petrino within the company's banking subsidiary. Concurrently, Jessica Lieberman Quinn has been appointed as the new Corporate Controller and Principal Accounting Officer for American Express Company. Ms. Lieberman Quinn brings a wealth of experience to this critical role, having most recently served as the Business Chief Financial Officer for Global Commercial Services and previously as Senior Vice President of Corporate Planning & Analysis. These appointments are effective upon the filing of the company's 2019 Form 10-K, indicating a planned and orderly transition of leadership.

Key Highlights

  • 1Richard Petrino, Corporate Controller and Principal Accounting Officer, appointed Chief Operating Officer of American Express National Bank.
  • 2Jessica Lieberman Quinn appointed as the new Corporate Controller and Principal Accounting Officer.
  • 3Ms. Lieberman Quinn's appointment is effective following the filing of the 2019 Form 10-K.
  • 4Ms. Lieberman Quinn has a strong financial background, including recent experience as Business CFO for Global Commercial Services.
  • 5The filing includes a press release announcing these organizational changes as Exhibit 99.1.

Frequently Asked Questions

Richard Petrino's transition from Corporate Controller and Principal Accounting Officer to Chief Operating Officer of American Express National Bank suggests an expansion of his leadership responsibilities into a key operational role within the company's banking division.

Jessica Lieberman Quinn has a proven track record within American Express, most recently as the Business Chief Financial Officer for Global Commercial Services. Prior to that, she held a senior position in Corporate Planning & Analysis, indicating strong financial acumen and experience relevant to her new role as Corporate Controller and Principal Accounting Officer.

Both appointments, Mr. Petrino's move and Ms. Lieberman Quinn's ascension to Corporate Controller and Principal Accounting Officer, are effective as of the business day following the filing of American Express's Form 10-K for the fiscal year ended December 31, 2019.

Yes, the 8-K filing includes Exhibit 99.1, which is a press release dated February 7, 2020, detailing these organizational changes.