Stephen Squeri (born 1959) is an American business executive[3] and Chairman and CEO of American Express. He first joined American Express in 1985,[4] becoming chief information officer in 2005[2] and vice chairman in 2015,[5] along with other upper management roles.[5][6] Squeri became chairman and CEO of American Express on February 1, 2018.[5][6]
Stephen J. Squeri | |
|---|---|
| Born | 1959 (age 64–65) |
| Nationality | American |
| Other names | Stephen Joseph Squeri, Stephen J. Squeri, Steve Squeri |
| Education | Monsignor McClancy High School |
| Alma mater | Manhattan College (BS, MBA)[2] |
| Occupation | Business executive |
| Years active | 1980s-present |
| Organization | American Express |
| Title | Chairman and CEO |
| Term | 2018-present |
| Predecessor | Kenneth Chenault |
| Board member of | American Express, Monsignor McClancy Memorial High School |
He is currently chairman of the Manhattan College board of trustees,[7] a board member at the Partnership for New York City,[8] on the board of trustees of Memorial Sloan Kettering Cancer Center,[9] a chair of the corporate governance committee of the Business Roundtable,[10] and member of The Business Council,[9] among other roles.[11]
Early life and education
editStephen "Steve" Joseph Squeri[12] was born in 1959[3] in New York City.[13] He is the grandchild of Italian and Irish immigrants. His father worked as an accountant in New York for companies such as[14] Colgate, CBS,[9] and Bloomingdale's.[14] Squeri grew up in Astoria, Queens,[13] graduating from Monsignor McClancy High School in East Elmhurst in 1977.[15] Squeri subsequently attended Manhattan College in the Bronx,[13] graduating with a bachelor of science in 1981 and an MBA in 1986.[16]
Career
editBeginning in 1981, Squeri spent four years as a management consultant at Arthur Andersen.[16]
Squeri joined American Express in 1985 as a manager in the Travellers Cheque Group[4] and became an American Express vice president in 1990.[17] From 2000 to 2002 he served as president of the Establishment Services group in the United States and Canada,[4] and from 2002 to 2005 he was president of the Global Commercial Card division. In 2005,[18] he began serving as chief information officer of American Express.[4] He held the role until October 2009,[2] during which time he also led Corporate Development, overseeing mergers and acquisitions.[19]
In 2009, he was named group president of Global Services.[2] He then served as American Express' group president of Global Corporate Services[5] until 2015. He became vice chairman of American Express in July[2] 2015,[5][3] and also began leading the business-to-business group in October 2015.[2] According to Forbes, the American Express board of directors began considering Squeri to be CEO in 2015.[20]
Squeri became chairman and CEO of American Express on February 1, 2018, having been appointed by the board of directors[20] to succeed Kenneth Chenault.[19] In 2023, Squeri's total compensation at American Express was $35.6 million, representing a CEO-to-median worker pay ratio of 677-to-1.[21]
Boards and committees
editAfter joining the board of trustees at Manhattan College in 2013, he was named chair in 2023.[9] He is also on the board of the Partnership for New York City,[8] on the board of governors of Monsignor McClancy Memorial High School,[22] and on the board of trustees of Memorial Sloan Kettering Cancer Center and The Valerie Fund.[9]
He is a member of the Business Roundtable,[9] where he is chair of the corporate governance committee.[10] He is also a member of The Business Council, the American Society of Corporate Executives,[9] and the New York Jobs CEO Council.[11]
Squeri previously served on the boards of The Guardian Life Insurance Company of America, NY Downtown Hospital, the Columbus Citizens Foundation, and J.Crew,[23] the latter of which he joined in 2010.[18]
See also
editReferences
edit- ^ https://manhattan.edu/news/archive/2021/12/stephen-squeri-donates-10-million-to-manhattan-college.php
- ^ a b c d e f American Express Making Progress On Key Initiatives, Says CEO Stephen Squeri, Chief Executive, 12 June 2019
- ^ a b c "American Express C.E.O. Ken Chenault to Step Down". New York Times. 2017-10-18. Retrieved 2021-02-12.
- ^ a b c d "American Express Co (AXP) Chairman and CEO Stephen J Squeri Sold $9.4 million of Shares". finance.yahoo.com.
- ^ a b c d e Moyer, Liz (October 18, 2017). "American Express CEO Ken Chenault to leave after 17-year run". CNBC.
- ^ a b Witkowski, Wallace (October 18, 2017). "AmEx's Stephen Squeri to succeed Chenault as CEO, chairman". MarketWatch.
- ^ https://catalog.manhattan.edu/undergraduate/themanhattancollegecorporation/
- ^ a b "Board of Directors".
- ^ a b c d e f g Stephen J. Squeri '81, '86 (MBA) Appointed Chair of Manhattan College's Board of Trustees, Manhattan College, March 2023
- ^ a b "American Express Company - Executive Committee & Directors".
- ^ a b "Who We Are".
- ^ "Steve Squeri, American Express Co: Profile and Biography". Bloomberg News.
- ^ a b c https://www.barrons.com/articles/american-express-ceo-says-the-business-is-firing-on-all-cylinders-fe875f3d
- ^ a b https://www.ft.com/content/f1518d40-b065-44a6-ada2-7ee4a074d839
- ^ "Squeri throws out first pitch at McClancy". 7 April 2022.
- ^ a b "Annual De La Salle Medal Dinner Honors Amex Vice Chairman Stephen J. Squeri '81, '86". 7 December 2016. Retrieved February 28, 2018.
- ^ "AmEx Picks Squeri, 32-Year Insider, to Remake Credit-Card Giant". Bloomberg. 19 October 2017.
- ^ a b "Stories: J.CREW APPOINTS AMex's STEPHEN SQUERI TO BOARD".
- ^ a b Cowley, Stacy (2017-10-18). "American Express C.E.O. Ken Chenault to Step Down". The New York Times. Retrieved 2018-07-31.
- ^ a b "American Express CEO Kenneth Chenault is Retiring After a 16-Year Run". Forbes.
- ^ "Equilar 100: CEO Pay at the Largest Companies by Revenue". Equilar. 2024-06-07. Archived from the original on 2024-08-15. Retrieved 2024-08-31.
- ^ "Stephen Squeri '77 - MSGR McClancy Memorial High School". January 2009.
- ^ "Stephen J. Squeri".