American Express today announced that Daniel F. Akerson has notified the Company of his decision not to stand for re-election to the Board of Directors at the 2012 Annual Meeting of Shareholders on April 30, 2012 in order to devote additional time to his duties as Chairman and CEO of General Motors.
Mr. Akerson has served as a director of American Express since 1995.
"Dan is an outstanding corporate director and a strong, consistent voice for shareholder interests," said Kenneth I. Chenault, Chairman and CEO, American Express. "He's played a leadership role on our board for nearly two decades and provided valuable guidance as we've been transforming the company to meet the challenges of a changing marketplace.
"I want to thank Dan for his exceptional service to American Express and, on behalf of all my colleagues, wish him continued success leading General Motors."
About American Express
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