American Express Company today announced that Randal K. Quarles and Noel Wallace have been elected to its Board of Directors, effective July 23, 2025. With these appointments, the American Express Board increases to 14 members.
Mr. Quarles has served as the Executive Chairman and Co-Founder of The Cynosure Group, a diversified investment firm, since 2022. He previously served as Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System from 2017 to 2021, during which time he was also appointed Chair of the Financial Stability Board.
“We are honored to welcome Randy, who brings decades of financial services, public service, financial regulation and private equity experience, to our Board,” said Stephen J. Squeri, Chairman and Chief Executive Officer at American Express. “As a distinguished leader who helped shape the U.S. financial regulatory framework, as well as the global financial system, he will add invaluable perspectives to American Express.”
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Mr. Wallace has served as the President and Chief Executive Officer of Colgate-Palmolive Company (Colgate-Palmolive), a worldwide consumer products company, since 2019 and Chairman of its Board of Directors since 2020, after being elected to the Board of Directors in 2019.
Mr. Squeri continued “Noel has extensive leadership experience driving the growth and transformation of large-scale business operations and global consumer brands. His international operational acumen, and in-depth branding and marketing expertise will be tremendous assets to support our company’s long runway for growth.”
Mr. Quarles will join the Board’s Nominating, Governance, and Public Responsibility Committee and Risk Committee. Mr. Wallace will join the Board’s Audit and Compliance Committee and Compensation and Benefits Committee.
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