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American Express announces executive and board appointments

Staff writer |
New York, USA - July 21, 2010, New York, USA - American Express Company announced new executive and board of directors appointments.

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Daniel H. Schulman will join American Express from Sprint Nextel to head a new Enterprise Growth Group. The company has elected Ted Leonsis to its board of directors and will name him Chairman of a new Innovation and Technology Committee of the Board.

Mr. Schulman joins American Express from Sprint Nextel Corporation, where he has served as President of Sprint’s Prepaid group since 2009. Before joining Sprint, he was the founding CEO of Virgin Mobile USA, a mobile virtual operator, acquired by Sprint in 2009.

Prior to that, Mr. Schulman was CEO of priceline.com and spent the early part of his career with AT&T, where he ultimately led the company’s consumer long distance business.

Mr. Schulman is a director of Symantec and Flextronics. He holds a Bachelor of Arts in Economics from Middlebury College and an M.B.A. in Finance from New York University.

Mr. Leonsis is a businessman, an internet pioneer, a professional sports team owner, a venture capital investor, and a committed philanthropist.

Mr. Leonsis has been advising American Express on digital and online payments strategy since the beginning of 2010 when the company acquired Revolution Money. Mr. Leonsis, who had been Chairman of Revolution Money, will continue to serve as an advisor to American Express.

Mr. Leonsis held a number of executive positions at AOL from 1994 until 2006, including Vice Chairman and President. Following his retirement from AOL, he founded and launched SnagFilms, a company that distributes documentaries to a global audience online.

Mr. Leonsis is also the founder and majority shareholder of Monumental Sports & Entertainment, which owns the NHL's Washington Capitals and the WNBA's Washington Mystics, the NBA's Washington Wizards, the Verizon Center in Washington, D.C. and the Baltimore-Washington Ticketmaster franchise.

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