American Express Elects Randal K. Quarles and Noel Wallace to Board of Directors.

American Express has elected Randal K. Quarles and Noel Wallace to its Board of Directors, effective July 23, 2025. Quarles has experience in financial services, public service, financial regulation, and private equity, having served as Vice Chairman for Supervision of the Federal Reserve System from 2017 to 2021 and Chair of the Financial Stability Board. The Board now has 14 members.

American Express Company (NYSE: AXP) has elected Randal K. Quarles and Noel Wallace to its Board of Directors, effective July 23, 2025. With these appointments, the American Express Board increases to 14 members.

Randal K. Quarles brings extensive experience in financial services, public service, financial regulation, and private equity to the Board. He served as Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System from 2017 to 2021 and was also appointed Chair of the Financial Stability Board. Quarles will join the Board’s Nominating, Governance, and Public Responsibility Committee and Risk Committee [1].

Noel Wallace, who has been serving as the President and Chief Executive Officer of Colgate-Palmolive Company (Colgate-Palmolive) since 2019 and Chairman of its Board of Directors since 2020, will bring his international operational acumen and branding and marketing expertise to the American Express Board. Wallace will join the Audit and Compliance Committee and Compensation and Benefits Committee [1].

Stephen J. Squeri, Chairman and Chief Executive Officer at American Express, stated, “We are honored to welcome Randy, who brings decades of financial services, public service, financial regulation and private equity experience, to our Board. 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” [1].

Mr. Wallace 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 American Express’s long runway for growth [1].

These appointments reflect American Express’s commitment to diversifying its Board’s expertise and strengthening its governance structure. The company continues to seek individuals who can provide strategic insights and contribute to its long-term success.

References:
[1] https://www.businesswire.com/news/home/20250723583605/en/American-Express-Elects-Randal-K.-Quarles-and-Noel-Wallace-to-Board-of-Directors