AmEx shakes up organizational chart

|By:, SA News Editor

Formerly in charge of international card operations, Doug Buckminster is named president of the Global Consumer Services Group - bringing together the company's U.S. and International Consumer businesses.

Also globalizing AXP's business-to-business operations, Steve Squeri will lead a new B2B group.

Finally, Anre Williams is named president of the new Global Merchant Services and Loyalty unit, which brings together merchant-related businesses.

The moves come as the company and the stock price are under pressure to rebound from the loss of co-brand partner Costco. It's also round two of organizational changes since the sudden death of President Ed Gilligan, who was thought to maybe be CEO-in waiting.

Source: Press Release

Previously: AmEx lower as UBS says "Sell" (Oct. 26)

Previously: American Express punished after weak quarter (Oct. 22)

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