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AMERICAN EXPRESS COMPANY (AXP)
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American Express : Names Mohammed Badi Chief Strategy Officer

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10/09/2018 | 07:45pm CEST

By Colin Kellaher

American Express Co. (AXP) on Tuesday said it named Mohammed Badi chief strategy officer, a newly created executive-committee level position, effective Oct. 29.

The New York credit-card company said Mr. Badi is currently senior partner, managing director and global leader of the payments practice and transaction banking at management-consulting firm Boston Consulting Group.

American Express said it created the new post to increase its focus on strategic planning and corporate development activities, which it plans to separate into two distinct groups.

Executive Vice President Lisa Marchese, who heads its corporate development and strategic planning group, will continue to report to Chief Financial Officer Jeff Campbell and retain responsibility for corporate development and the Amex Ventures team, the company said.

AmEx said its strategic planning team, headed by Jon Gantman, will now report to Mr. Badi.

Write to Colin Kellaher at colin.kellaher@wsj.com

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Financials ($)
Sales 2018 40 298 M
EBIT 2018 11 675 M
Net income 2018 6 240 M
Debt 2018 -
Yield 2018 1,44%
P/E ratio 2018 14,12
P/E ratio 2019 12,74
Capi. / Sales 2018 2,20x
Capi. / Sales 2019 2,05x
Capitalization 88 689 M
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 113 $
Spread / Average Target 10%
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Managers
NameTitle
Stephen J. Squeri Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive Vice President
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Peter F. Chernin Independent Director
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