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Kenneth I. Chenault

Definition

Kenneth Irvine Chenault is an American business executive. He was the CEO and Chairman of American Express from 2001 until 2018. He is the third black CEO of a Fortune 500 company.

What is 'Kenneth I. Chenault'

The chairman and CEO of American Express. Chenault joined the company in 1981 as a director of strategic planning and moved through various management positions in the company's different divisions before becoming president and COO in 1997, and chairman and CEO in 2001. Chenault is the third ever African American CEO of a Fortune 500 company.

Explaining 'Kenneth I. Chenault'

Born in 1951 in New York, Chenault earned his undergraduate degree from Bowdoin College and his JD from Harvard. He began his career as an associate with Rogers & Wells then worked as a management consultant for Bain & Company before joining American Express. He helped increase the company's market share by expanding its customer base. Chenault achieved this in part by offering credit cards in addition to charge cards and offering membership rewards programs.


Further Reading


Misrule of experts? The financial crisis as elite debacle
www.tandfonline.com [PDF]
… fromthe basic intermediationactivitiessociety expectsthem to perform—ishard torefute.” —KENNETH ROGOFF, Thomas D … It offers the only clear path to economic salvation—forcing banks … DADUSH, Senior Associate and Director of International Economics, Carnegie Endowment …

Neoliberalism, economic crisis, and the 2008 financial meltdown in the United StatesNeoliberalism, economic crisis, and the 2008 financial meltdown in the United States
www.jstor.org [PDF]
… fromthe basic intermediationactivitiessociety expectsthem to perform—ishard torefute.” —KENNETH ROGOFF, Thomas D … It offers the only clear path to economic salvation—forcing banks … DADUSH, Senior Associate and Director of International Economics, Carnegie Endowment …

The value of connections in turbulent times: Evidence from the United StatesThe value of connections in turbulent times: Evidence from the United States
www.sciencedirect.com [PDF]
… fromthe basic intermediationactivitiessociety expectsthem to perform—ishard torefute.” —KENNETH ROGOFF, Thomas D … It offers the only clear path to economic salvation—forcing banks … DADUSH, Senior Associate and Director of International Economics, Carnegie Endowment …

The value of an educationThe value of an education
www.jstor.org [PDF]
… fromthe basic intermediationactivitiessociety expectsthem to perform—ishard torefute.” —KENNETH ROGOFF, Thomas D … It offers the only clear path to economic salvation—forcing banks … DADUSH, Senior Associate and Director of International Economics, Carnegie Endowment …

An organizational portfolio theory of board compositionAn organizational portfolio theory of board composition
onlinelibrary.wiley.com [PDF]
… fromthe basic intermediationactivitiessociety expectsthem to perform—ishard torefute.” —KENNETH ROGOFF, Thomas D … It offers the only clear path to economic salvation—forcing banks … DADUSH, Senior Associate and Director of International Economics, Carnegie Endowment …



Q&A About Kenneth I. Chenault


Why did this increase market share for American Express ?

Because it allowed customers to use their card more often .

How long has he been with the company?

Since 1981.

When did Chenault become chairman and CEO?

In 2001.

Who is Chenault's predecessor as CEO?

Harvey Golub served from 1992 to 1997.

What is one way that Chenault increased market share for American Express?

By offering credit cards in addition to charge cards.

What is Kenneth I. Chenault?

The chairman and CEO of American Express.

What are some of the positions he held at the company before becoming president and COO in 1997, and chairman and CEO in 21?

He was a director of strategic planning, vice president of marketing, senior vice president of corporate services, executive vice president of operations, chief administrative officer, and chief operating officer (COO).

How old was Chenault when he became chairman and CEO?

51 years old.