Kenneth I. Chenault

AAA

DEFINITION of '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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Chairman

    An executive elected by a company's board of directors that is ...
  2. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  3. Inside Director

    A board member who is an employee, officer or stakeholder in ...
  4. Insider

    A director or senior officer of a company, as well as any person ...
  5. Insider Information

    A non-public fact regarding the plans or condition of a publicly ...
  6. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
Related Articles
  1. Credit, Debit And Charge: Sizing Up ...
    Credit & Loans

    Credit, Debit And Charge: Sizing Up ...

  2. Take Control Of Your Credit Cards
    Credit & Loans

    Take Control Of Your Credit Cards

  3. Get A Free Ride From Credit Companies
    Credit & Loans

    Get A Free Ride From Credit Companies

  4. How Credit Cards Affect Your Credit ...
    Credit & Loans

    How Credit Cards Affect Your Credit ...

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center