What Happened?
New York, NY-based American Express hired Michael Sommer as VP Technology Finance
About the Company
American Express Company, also known as AmEx, is an American multinationalfinancial services corporation headquartered in Three World Financial Center, Manhattan, New York City, New York, United States. Founded in 1850, it is one of the 30 components of the Dow Jones Industrial Average. The company is best known for its credit card, charge card, and traveler's cheque businesses. Amex cards account for approximately 24% of the total dollar volume of credit card transactions in the US.American Express Company (American Express), incorporated on June 10, 1965, is a global service company. Its principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses worldwide. The Company operates in four segments: U.S. Card Services, International Card Services, Global Commercial Services (GCS) and Global Network and Merchant Services (GNMS). Corporate functions and auxiliary businesses, including the Companys Enterprise Growth Group, publishing business and other company operations, are included in Corporate and Other. American Express and its principal operating subsidiary, American Express Travel Related Services Company, Inc. (TRS), are bank holding companies In 1854, the American Express Co. purchased a lot on Vesey Street in New York City as the site for its stables. The company's first New York headquarters were in an impressive[citation needed] marble Italianate palazzo at 55 - 61 Hudson Street between Thomas Street and Jay Street (1857 - 58, John Warren Ritch), which had a busy freight depot on the ground story with a spur line from the Hudson River Railroad. A stable was constructed nearby at 4 - 8 Hubert Street, between Hudson Street and Collister Street (1866 - 67, Ritch and Griffiths), five blocks north of the Hudson Street building. Each day, American Express makes it easier, safer and more rewarding for consumers and businesses to purchase the things they need and for merchants to sell their goods and services. An engine of commerce, American Express provides innovative payment, travel and expense management solutions for individuals and businesses of all sizes. Most of all, we help our customers realize their dreams and aspirations through industry-leading benefits, access to unique experiences, business-building insights, and global customer care. We enable our customers to do more and achieve more.
About the Person
Michael Sommer previously held various technology roles in the Financial Services sector.
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