Amex to see its longtime CFO Campbell retire

American Express Co. (AXP) Chief Financial Officer Jeff Campbell plans to retire, and he'll be succeeded by his deputy, the card giant announced Tuesday. Campbell will leave the CFO post Aug. 14, 2023, and Christophe Le Caillec, the company's deputy CFO, will assume the top finance position at that time. Campbell has served as Amex's CFO since 2013, bringing past CFO experience at both McKesson Corp.(MCK) and American Airlines Group Inc. (AAL) He'll stay on as vice chairman until March 2024. Le Caillec has spent more than 25 years at Amex, and Chief Executive Stephen Squeri praised him in a release as a "deeply experienced American Express executive who will bring his own substantial talents to the role." Amex shares have increased 13% so far this year, as the Dow Jones Industrial Average has risen about 2%.

-Emily Bary

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06-27-23 0843ET

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