American Express CEO History



  • Henry Wells & William Fargo (1866-1881)
  • J. C. Fargo (1881-1914)
  • George C. Taylor (1914-1923)
  • Frederick P. Small (1923-1944)
  • Ralph Reed (CEO - 1944-1960)
  • Howard L. Clark Sr. (1960-1977)
  • James D. Robinson III (1977-1993)
  • Harvey Golub (1993-2001)
  • Kenneth Chenault (2001-2018)
  • Stephen Squeri (2018-present)


portrait of American Express Co-Founder, William Fargo
© History Oasis

As pioneers in the shipping industry, Henry Wells and William Fargo capitalized on a high demand for cross-country transport by founding the American Express freight company in 1850.

Establishing a prosperous business transporting valuables, their company soon expanded into financial services and grew rapidly under Fargo's leadership as president from 1866 until his passing in 1881, although he drew criticism for monopolizing the express industry in parts of the United States.

Despite the controversy surrounding its early postal expansion, American Express thrived in its early decades as an industry leader under the guidance of Wells and Fargo.


portrait of J.C. Fargo
© History Oasis

Inheriting the role of president from his late father in 1881, J.C. Fargo significantly grew American Express by introducing popular financial products like money orders and traveler's cheques.

He directed the company to assist stranded Americans at the onset of World War I, greatly boosting public goodwill.

However, his long tenure witnessed upheaval as well—the federal government targeted American Express' railroad express monopoly, forcing its sale, and Fargo notoriously feuded with heir apparent George C. Taylor before stepping down in 1914, capping nearly 35 transformative years guiding the firm.


portrait of George Taylor
© History Oasis

Assuming the presidency in 1914 after clashing with incumbent J.C. Fargo, George C. Taylor ushered an era of aggressive expansion at American Express by further developing consumer financial products and cultivating international business abroad.

Yet the promising start to Taylor's tenure was disrupted with the onset of World War I in Europe.

Though dedicated to modernizing American Express's operations and public image, Taylor's ambitious vision was checked by the twin challenges of global conflict and federal antitrust litigation before his sudden death at age 55 in 1923.


portrait of Frederick Small
© History Oasis

Taking the reins in 1923 after the unexpected death of predecessor George Taylor, Frederick Small guided American Express through economic depression and another World War.

Setbacks stunted his aims to expand services, but Small’s lengthy tenure witnessed key innovations like the Travelers Cheque and enhanced advertising.

Though perhaps lacking an overarching vision, his capable stewardship shepherded the company’s rise to household name status, setting the stage for its postwar success before his retirement after over 20 years as president.


portrait of Ralph Reed
© History Oasis

Ascending to CEO upon Frederick Small's retirement in 1944, Ralph Reed oversaw American Express's transformation into a modern financial services leader over his 16 years at the helm, pioneering consumer charge cards in 1958 and aggressively expanding merchant networks across the United States.

Though tempting acquisition offers arrived, Reed prioritized independence and growth, acquiring key assets like Shearson while revenues quintupled under his guidance.

By centralizing authority around the CEO post he occupied until 1960, Reed modernized corporate governance and established American Express as an enduring bluechip brand.


portrait of Howard Clark Sr.
© History Oasis

Taking over upon the retirement of longtime chief Ralph Reed in 1960, Howard Clark led American Express through an era of rising consumer affluence and increased competition in financial services, establishing the iconic "Don't Leave Home Without Them" marketing campaign in 1975 to drive cardholder loyalty.

Though Clark oversaw success symbolized by the launch of the storied Gold and Platinum cards, his latter years were mired by stagnant stock prices and calls for new executive talent before his reluctant retirement in 1977 after 17 largely prosperous years atop the company.


portrait of James Robinson III
© History Oasis

Assuming the helm in 1977 amid investor unease over American Express’s lagging performance, the youthful James D. Robinson III swiftly grew revenues and revamped the brand's elite image through aggressive marketing and acquisitions, notably the investment bank Shearson in 1981.

Though later forced by scandal to unload Shearson, Robinson’s ambitious expansion tripled card use and pioneered signing exclusive merchant agreements, also developing innovative consumer products like Optima alongside famed celebrity advertising.

Despite criticism over unrestrained growth, American Express emerged as a financial powerhouse under his transformative, if turbulent, 16 years guiding the company.


portrait of Harvey Golub
© History Oasis

Taking the reins in 1993 from longtime chief James Robinson, Golub pruned American Express's overextended assets by shedding the Shearson brokerage but pursued disciplined growth in cardmembers, benefitting as credit and online spending rapidly expanded through the 1990s.

Though Golub lacked his predecessor's appetite for risk, his emphasis on cutting costs and diversifying revenue streams strongly positioned American Express to weather early 21st century disruption.

By the end of his effective if unflashy tenure in 2001, Golub guided American Express into an age of global digital commerce while retaining its elite brand prestige over 8 years as CEO.


portrait of Kenneth Chenault
© History Oasis

Named CEO in 2001, Kenneth Chenault became the first African-American to helm a Fortune 500 company, modernizing American Express's brand to attract younger and more diverse customers.

Though the Great Recession and loss of a major partnership with Costco presented challenges, Chenault expanded internationally while adventurously entering new fields like digital payments and small business services, earning recognition for leadership and innovation.

By appealing to evolving consumer habits over 17 years guiding American Express, Chenault sustained its prestige despite 21st century digital disruption that felled other financial titans.


portrait of American Express CEO, Stephen Squeri
© History Oasis

After over three decades rising through company ranks, Stephen Squeri succeeded longtime American Express chief Kenneth Chenault in 2018, inheriting robust profits but facing disruption from new payment technologies and changing consumer habits.

Squeri has focused on expanding digitally, acquiring innovative firms like online lender Kabbage and pioneering virtual corporate card products, while retaining the iconic brand prestige associated with American Express's long history.

As CEO, Squeri has balanced preserving American Express’s elite status with calls to embrace emerging financial and technological trends reshaping commerce worldwide.