American Express Board Nominates New Director.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- American Express Company (NYSE NYSE See: New York Stock Exchange : AXP The brand name Digital gave to its first family of Alpha-based computers. In 1998, Digital was acquired by Compaq. See Alpha. ) announced that Steven S. Reinemund has been nominated to stand for election to its Board of Directors. The election will take place at the Company's annual shareholders' meeting on April 23, 2007. Mr. Reinemund, 58, is currently Chairman of the Board of PepsiCo. He previously served as Chief Executive Officer in addition to Chairman of the Board. Earlier in his PepsiCo career, he held the positions as PepsiCo's President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Mr. Reinemund began his distinguished 23-year long career with PepsiCo in 1984 with the Pizza Hut division, now part of Yum! Brands, Inc., and became CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of that division in 1986. During his tenure, he also led the North American snack division and Frito-Lay's worldwide operations. "We are pleased to be nominating a leader of Steve's caliber for election to our Board," said Kenneth I. Chenault, Chairman and Chief Executive Officer, American Express. "Steve is a strong, established leader with an outstanding track record of growth and innovation at Pepsi. He is widely respected as a visionary strategist and a forward-thinking global corporate citizen." Mr. Reinemund received a Masters of Business Administration degree from the University of Virginia. He is a graduate of the U.S. Naval Academy and served five years as an officer in the United States Marine Corps United States Marine Corps (USMC) Separate military service within the U.S. Department of the Navy (see U.S. Navy), charged with providing marine troops for seizure and defense of advanced bases and with conducting operations on land and in the air in connection with . Mr. Reinemund also is a member of the Board of Directors of Johnson & Johnson. American Express Company (www.americanexpress.com) is a leading global payments, network and travel company founded in 1850. |
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