American Express (NYSE:AXP) has promoted Edward P. Gilligan, vice chairman and head of a business-to-business group, to the position of president, effective immediately.

He will remain responsible for AmEx's global consumer, small business, merchant, network, risk and banking groups. CEO Kenneth I. Chenault credited Gilligan with "leading a successful drive to grow our share of online spending. He’s energized the organization with a series of digital partnerships that reach customers through a range of social media channels, and he’s expanded our international business into new areas of loyalty marketing."

Gilligan, 53, joined the company in 1980 and has been vice chairman since 2007. He will continue to report to Chenault.


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