Stephen Squeri Explained

Stephen J. Squeri
Birth Place:Queens, New York City, United States[1]
Other Names:Stephen Joseph Squeri, Stephen J. Squeri, Steve Squeri
Nationality:American
Education:Monsignor McClancy High School
Alma Mater:Manhattan College (BS, MBA)
Occupation:Business executive
Years Active:1980s-present
Organization:American Express
Chairman and CEO
Term:2018-present

Stephen Squeri (born 1959) is an American business executive[2] and Chairman and CEO of American Express. He first joined American Express in 1985, becoming chief information officer in 2005 and vice chairman in 2015, along with other upper management roles. Squeri became chairman and CEO of American Express on February 1, 2018.[3] [4]

He is currently chairman of the Manhattan College board of trustees,[5] a board member at the Partnership for New York City, on the board of trustees of Memorial Sloan Kettering Cancer Center, a chair of the corporate governance committee of the Business Roundtable, and member of The Business Council, among other roles.

Early life and education

Stephen "Steve" Joseph Squeri[6] was born in 1959[2] in New York City.[7] He is the grandchild of Italian and Irish immigrants. His father worked as an accountant in New York for companies such as Colgate, CBS, and Bloomingdale's.[8] Squeri grew up in Astoria, Queens,[7] graduating from Monsignor McClancy High School in East Elmhurst in 1977.[9] Squeri subsequently attended Manhattan College in the Bronx,[7] graduating with a bachelor of science in 1981 and an MBA in 1986.[10]

Career

Beginning in 1981, Squeri spent four years as a management consultant at Arthur Andersen.

Squeri joined American Express in 1985 as a manager in the Travellers Cheque Group and became an American Express vice president in 1990.[11] From 2000 to 2002 he served as president of the Establishment Services group in the United States and Canada, and from 2002 to 2005 he was president of the Global Commercial Card division. In 2005, he began serving as chief information officer of American Express.[12] He held the role until October 2009, during which time he also led Corporate Development, overseeing mergers and acquisitions.

In 2009, he was named group president of Global Services. He then served as American Express' group president of Global Corporate Services[3] until 2015. He became vice chairman of American Express in July 2015,[3] [2] and also began leading the business-to-business group in October 2015. According to Forbes, the American Express board of directors began considering Squeri to be CEO in 2015.[13]

Squeri became chairman and CEO of American Express on February 1, 2018, having been appointed by the board of directors[13] to succeed Kenneth Chenault.[14] In 2023, Squeri's total compensation at American Express was $35.6 million, representing a CEO-to-median worker pay ratio of 677-to-1.[15]

Boards and committees

After joining the board of trustees at Manhattan College in 2013, he was named chair in 2023. He is also on the board of the Partnership for New York City,[16] on the board of governors of Monsignor McClancy Memorial High School,[17] and on the board of trustees of Memorial Sloan Kettering Cancer Center and The Valerie Fund.

He is a member of the Business Roundtable, where he is chair of the corporate governance committee.[18] He is also a member of The Business Council, the American Society of Corporate Executives, and the New York Jobs CEO Council.[19]

Squeri previously served on the boards of The Guardian Life Insurance Company of America, NY Downtown Hospital, the Columbus Citizens Foundation, and J.Crew,[20]  the latter of which he joined in 2010.[21]

See also

Notes and References

  1. https://manhattan.edu/news/archive/2021/12/stephen-squeri-donates-10-million-to-manhattan-college.php
  2. News: American Express C.E.O. Ken Chenault to Step Down. New York Times. 2017-10-18. 2021-02-12.
  3. Web site: American Express CEO Ken Chenault to leave after 17-year run . . October 18, 2017 . Liz . Moyer.
  4. Web site: AmEx's Stephen Squeri to succeed Chenault as CEO, chairman . . October 18, 2017. Wallace . Witkowski.
  5. https://catalog.manhattan.edu/undergraduate/themanhattancollegecorporation/
  6. Web site: Steve Squeri, American Express Co: Profile and Biography . .
  7. https://www.barrons.com/articles/american-express-ceo-says-the-business-is-firing-on-all-cylinders-fe875f3d
  8. https://www.ft.com/content/f1518d40-b065-44a6-ada2-7ee4a074d839
  9. Web site: Squeri throws out first pitch at McClancy . 7 April 2022 .
  10. Web site: Annual De La Salle Medal Dinner Honors Amex Vice Chairman Stephen J. Squeri '81, '86. 7 December 2016 . February 28, 2018.
  11. News: AmEx Picks Squeri, 32-Year Insider, to Remake Credit-Card Giant . Bloomberg . 19 October 2017 .
  12. News: American Express Co (AXP) Chairman and CEO Stephen J Squeri Sold $9.4 million of Shares . finance.yahoo.com.
  13. Web site: American Express CEO Kenneth Chenault is Retiring After a 16-Year Run . .
  14. News: Cowley . Stacy . 2017-10-18 . American Express C.E.O. Ken Chenault to Step Down . 2018-07-31 . The New York Times . en.
  15. Web site: 2024-06-07 . Equilar 100: CEO Pay at the Largest Companies by Revenue . live . https://web.archive.org/web/20240815195403/https://www.equilar.com/reports/111-table-equilar-new-york-times-top-100-highest-paid-ceos-2024.html . 2024-08-15 . 2024-08-31 . Equilar . en.
  16. Web site: Board of Directors .
  17. Web site: Stephen Squeri '77 - MSGR McClancy Memorial High School . January 2009 .
  18. Web site: American Express Company - Executive Committee & Directors .
  19. Web site: Who We Are .
  20. Web site: Stephen J. Squeri .
  21. Web site: Stories: J.CREW APPOINTS AMex's STEPHEN SQUERI TO BOARD .