Credit card issuer American Express Co. (AXP: Quote) announced Tuesday that Chief Financial Officer Daniel Henry has decided to leave after a 23-year career with the company. He has agreed to help in a smooth transition, and will leave only once a successor in appointed. He is planning for a very active retirement that involves continuing roles on a number of corporate and nonprofit boards.
The announcement was made in a letter written by Chairman and CEO Kenneth Chenault to the American Express employees.
"Under his leadership, we continued to develop an outstanding team of professionals and strengthen an organization that is critically important to the success of our business," Chenault wrote.
The San Jose, California-based company noted that he was most recently serving as the executive vice president and CFO since October 2007. He was named executive vice president in February 2007, when he also took over as acting CFO.
Henry joined American Express in 1990 as comptroller, after serving for several years as a partner with Ernst & Young, American Express' independent auditors. He has also been on the boars of directors of Groupon, Inc. (GRPN) since May 2012.
"I've worked with Dan throughout much of his career and he has provided expert counsel to me, our business heads and senior leaders throughout the company. We'll miss Dan and there will be plenty of time later in the year to wish him well, but for now please join me in thanking him for his many contributions to American Express," Chenault added.
In Tuesday's regular trading session, AXP is currently trading at $70.10, up $0.04 or 0.06% on a volume of 0.31 million shares.
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by RTT Staff Writer
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