Stephen Squeri

Stephen Squeri is an American business executive who has served as the chairman and chief executive officer of American Express since 2018. He succeeded Kenneth Chenault, becoming only the third CEO of the global payments and travel company in over two decades. Squeri's tenure has focused on expanding the company's digital capabilities, broadening its merchant network, and navigating the challenges of the COVID-19 pandemic on the travel industry.

Early life and education

Stephen Squeri was born in New York City and grew up in Westchester County, New York. He attended Iona College in New Rochelle, New York, where he earned a Bachelor of Business Administration degree. His early professional experience included roles in the hospitality industry, which provided foundational insights into customer service and operations that would later inform his career in financial services.

Career at American Express

Squeri joined American Express in 1985 within the company's Travel Related Services division. He held a series of progressively senior leadership roles across various business units, including serving as the general manager of the Corporate Services business. His responsibilities expanded to overseeing the Global Corporate Payments division and later the entire Global Commercial Services segment, where he was instrumental in developing card products for small and medium-sized enterprises. Prior to becoming CEO, Squeri served as the company's vice chairman, leading the Global Consumer Services Group and playing a key role in strategic partnerships and the launch of the Platinum Card.

Leadership and tenure as CEO

Appointed chief executive officer in February 2018, Squeri's strategy has centered on accelerating American Express's growth in the face of competition from Visa, Mastercard, and fintech disruptors. Key initiatives have included significant investments in digital transformation, enhancing the American Express App, and expanding the company's merchant acceptance network globally, particularly in key markets like the United Kingdom and Japan. He has overseen high-profile card launches, such as the Black Card refresh and co-brand partnerships with companies like Delta Air Lines. During the COVID-19 pandemic, he led efforts to support cardmembers and small business clients through enhanced benefits and digital tools, while also navigating a sharp decline in travel and entertainment spending. Under his leadership, the company has consistently reported strong revenue growth and shareholder returns, maintaining its prestigious position in the credit card industry.

Other professional roles and affiliations

Beyond his executive duties, Squeri serves on the board of directors of American Express. He is a member of The Business Council and has been involved with various industry groups focused on financial technology and corporate governance. His insights on leadership and the future of digital payments are frequently cited in forums like the World Economic Forum and major financial conferences.

Personal life and philanthropy

Stephen Squeri is married to Kathleen Squeri and they have two children. He maintains a relatively private personal life but is known to be an avid golfer. His philanthropic efforts and those of American Express are closely aligned, with the company having a long history of supporting community development and disaster relief. The American Express Foundation, under the company's stewardship, has contributed to numerous charitable causes, including support for cultural institutions in New York City and programs aimed at economic mobility.

Category:American Express people Category:American chief executives Category:1958 births Category:Living people Category:Businesspeople from New York City Category:Iona College alumni