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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 4, 1995
AMERICAN EXPRESS COMPANY
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(Exact name of registrant as specified in its charter)
New York 1-7657 13-4922250
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification)
American Express Tower, World Financial Center
New York, New York 10285
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, (212) 640-2000
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
On April 4, 1995, American Express Company issued a press release,
portions of which follow:
NEW YORK -- April 4, 1995 -- American Express Company today announced
that George L. (Chuck) Farr will join the company as Vice Chairman and a
member of the Office of the Chief Executive (OCE), effective May 1. Mr. Farr,
54, currently a director of McKinsey & Company, will report to Harvey Golub,
Chairman and Chief Executive Officer. He joins Mr. Golub, as well as
President Jeffrey E. Stiefler, and Vice Chairman Kenneth I. Chenault and
Jonathan S. Linen, as a member of the Office of the Chief Executive.
In this new role, Mr. Farr will be responsible for oversight of the
Travel Services Group (including Corporate Card, Business and Consumer Travel,
and Corporate Purchasing Card), the Travelers Cheque Group, a new "virtual
bank" business that is being developed, as well as the strategic planning
staff.
Mr. Farr joined McKinsey in 1968. He led the firm's strategic
management practice, helping a broad range of U.S. and international clients
improve organizational and operational effectiveness, as well as growing new
businesses in an environment of rapid change. He also led the development of
the firm's consumer goods practice in North America and internationally.
Prior to joining McKinsey, Mr. Farr worked for Procter & Gamble from 1964 to
1968. He holds a BA and an MBA from the University of Michigan.
American Express also announced that Mr. Chenault's responsibilities
will be expanded to include responsibility for Travel Related Services (TRS)
International. With this change, Mr. Chenault will have direct responsibility
for overseeing several of the company's core businesses on a global basis. He
will continue to have responsibility for the company's consumer Charge Card
and consumer lending businesses, and for building relationships with merchants
that accept the Card. Additionally, he will continue to have company wide
responsibility for brand management and advertising and will maintain his
leadership of TRS' major reengineering activities.
Mr. Golub will remain Chairman and Chief Executive Officer of both
American Express and its TRS subsidiary.
Mr. Stiefler will continue to oversee American Express Financial
Advisors and American Express Bank, as well as American Express Relationship
Services, which will market a broad range of retail, telecommunications,
entertainment and other products and services to Cardmembers and prospects,
and a business that is currently being developed to focus on meeting people's
financial needs at the workplace. Additionally, he will continue to oversee
technology and the reengineering of staff units across the company.
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Mr. Linen will continue as the company's senior representative to
external constituencies -- including customers, governments and key industry
groups -- and will continue to lead efforts to build strategic alliances and
partnerships.
American Express Company is a diversified travel and financial
services company founded in 1850. It is a leader in charge and credit cards,
Travelers Cheques, travel, financial planning, investment products, insurance
and international banking.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AMERICAN EXPRESS COMPANY
By: /s/ Stephen P. Norman
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Name: Stephen P. Norman
Title: Secretary
Dated: April 5, 1995
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