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Axios Jan 30
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AmEx CEO's retirement leaves just three black Fortune 500 heads

Kenneth Chenault
Photo: Michael Cohen / Getty Images for The New York Times

Ken Chenault, 66, is days away from stepping down after 17 years as chairman and CEO American Express. He guided the company through 9/11 (the HQ, across the street from the World Trade Center, was left unusable), the global financial crisis, and numerous challenges to AmEx as the go-to payment option for the wealthy and well-traveled, AP's Ken Sweet writes.

Why he matters: "When Chenault became CEO, he was only the third black CEO of a Fortune 500 company ever. And for several years after his appointment, other black men and women were hired as CEOs, at companies such as McDonald's, Xerox and Merrill Lynch."