Under his leadership, American Express built one of the worlds largest customer loyalty programs. He began his career as an associate and worked his way up to the position of CEO of American Express through hard work, dedication, and passion. American businessman and investorSteve Ballmer comes from Detroit, Michigan, United States. I love to cover celebrity news around the world. Well, if youre ready, lets start. Discover today's celebrity birthdays and explore famous people who share your birthday. He was named president and chief operating officer in 1977, and by the end of 2011, Chenault had been named CEO of American Express. Chenault officially joined American Express, an American multinational corporation specializing in payment in 1981. He holds American nationality but belongs to the African- American ethnicity. Later, Chenault became the chairman and MD of venture capital firm General Catalyst Partners. He also joined the board of directors of Airbnb. BlackPast.org is a 501(c)(3) non-profit and our EIN is 26-1625373. In May 2010, he gave the commencement speech at Wake Forest University and Northeastern University. As CEO of American Express in 2007 and 2008, Chenault earned a total compensation of $50,126,585 and $42,752,461 respectively. Yes, he is a loving and hardworking husband to his beautiful wife Kathryn Chenault and the duo shares two sons. [1]. Most recently Kenneth exercised 1,613 units of ABNB stock worth $187,011 on 15 May 2020.. Ken Chenault was interviewed by The HistoryMakers on November 3, 2018. After graduating from Waldorf, he enrolled for his B.A degree in history from Bowdoin College in 1973. You may hear that his birthday is on 2-Jun-51. In December 2018, it was announced that on February 13, 2019, Chenault would step down from his board roles at IBM and Procter & Gamble. She was a resident fellow at Harvards Institute of Politics in fall 2013. His father received the highest ever recorded score on the New York State dental exam, which was not broken until 2014. The companys travel business slowed in the aftermath, causing American Express to respond with new offerings such as small business servicesevidence that, under Chenaults direction, a company formerly known for patrician operating principles was now innovating and building competitive strongholds in new and established markets. Lets Check. His father was a dentist and hygienist who attended Morehouse College and Howard University Dental School. Forego a bottle of soda and donate its cost to us for the information you just learned, and feel good about helping to make it available to everyone. Chenault is 70 years oldand celebrates his birthday on June 2 every year. As a firm with more than 100 years of history, American Express risked relying too heavily on its past success and was slow to engage its competitors, but Chenault implemented strategies that revived the firm in an era of cutthroat competition among credit- and charge-card issuers. The faculty, students, and staff are dedicatedto academic excellence and to making lasting contributions to the world in which we live. Amancio Ortega is a renowned Spanish Businessman. 63, president emeritus of the Urban Institute and past director of the Congressional Budget Office; James F. Rothenberg (treasurer), A.B. This article will give you the breakdown of Kenneth Chenault Net Worth. Ken Chenault was interviewed by The HistoryMakers on November 3, 2018. In 1995, Ebony listed him as one of 50 "living pioneers" in the African-American community. ins.dataset.adClient = pid; 76, M.P.P. Throughout his career, he has served on several boards. So, how much is Kenneth Chenault worth at the age of 60, LL.D. Learn how your comment data is processed. On November 15, 2010, Old North Foundation recognized Chenault with its Third Lantern Award for individual commitment and dedication to public service. The 55-year-old died unexpectedly during a flight from Tokyo to New York two years ago. Chenault has served on the boards of The Business Council, NYU Langone Health, Airbnb, Facebook, IBM, The Procter & Gamble Company, the Harvard Corporation, Berkshire Hathaway, and the NCAA. In that role, she was a member of the presidents National Economic Council, led a federal agency of more than 3,000 employees, and managed a loan guarantee portfolio of nearly $100 billion while also assuring that nearly a quarter of U.S. government prime contracts were awarded to small businesses. Photos by Jon Chase/Harvard Staff Photographer; Melanie Rieders, Level of cannabis use could determine post-op outcomes, Historian says Fla. dispute shows why AP class in African American studies is needed, Why Church Committee alums urged new House panel to avoid partisanship, Kenneth Chenault and Karen Gordon Mills to join Harvard Corporation, One small step toward understanding gravity, Nothing that is not there and the nothing that is. Sign up for daily emails to get the latest Harvardnews. lo.observe(document.getElementById(slotId + '-asloaded'), { attributes: true }); Do you have an interest in the Kenneth Irvine Chenault age? In addition to President Faust, the current Corporation members include Lawrence S. Bacow, J.D. In 2008, he gave the commencement address at Howard University. An example of data being processed may be a unique identifier stored in a cookie. They have two children, Kevin Chenault and Kenneth Jr. Chenault, who they raised together. A native of Long Island, N.Y., Chenault lives in New York City with his wife, Kathryn Cassell Chenault, an attorney and member of numerous nonprofit and educational boards. The following year, he earned a total compensation of $10 million with a base salary of $2 million, a cash bonus of $1 million, and an option grant of $3 million. The son of a dentist and a dental hygienist, Chenault grew up on Long Island and attended the alternative Waldorf School, where he developed his first leadership skills as senior class president and as a captain of sports teams. He has been able to keep his personal life away from the limelight and is living happily with his wife and children in New Rochelle, New York. In May 2010, he gave the commencement speech at Wake Forest University and Northeastern University. In 2003, however, a federal appeals court upheld a lower court ruling that required MasterCard and Visa to eliminate their prohibitory rules. Kenneth was appointed on April 2019 as a member of the NCAAs Board of Governors. "Kathryn Chenault has also had an active role for several years in supporting the Harlem Children's Zone, a non-profit, community-based organization working to enhance the quality of education and life for children and their families in Harlem. Kenneth Chenault is one of the most renowned businessmen in the world. Save my name, email, and website in this browser for the next time I comment. 64, Pehong Chen Distinguished Professor Emerita of Electrical Engineering and Computer Science, University of California, Berkeley; Nannerl O. Keohane, LL.D. He was made the head of Harvard Corporation in 2014. He has served on several boards throughout his career. Our Harvard community includes the most remarkable students, staff, and faculty, and together they have potential to contribute to and influence our world in so many meaningful ways. Three members of Berkshires 14-person board are women, and Chenault would become the only black director. He is from United States. Kenneth Chenaultis a well-known businessman around the world. All Rights Reserved. Chenault will continue to serve as a director until the Kenneth Chenault (Full Name: Kenneth Irvine Chenault) is an American successful business executive known for working as the CEO and Chairperson at American Express from 2001 to February 1, 2018. Chenault was born in Mineola, New York, Nassau County, the son of a dentist and dental hygienist. Hewas born on 2ndJune 1951 in Mineola, New York he is the son of a dentist and hygienist, his father was a graduate of Morehouse College he passed the exams with the highest score, he later died in 1990 while his mother died in 2012. We and our partners use cookies to Store and/or access information on a device. 76, Ph.D. 78, president emeritus of Tufts University and Visiting Professor of Education at the Harvard Graduate School of Education; James W. Breyer, M.B.A. 87, partner in the venture capital firm Accel Partners; Paul J. Finnegan, A.B. ins.style.minWidth = container.attributes.ezaw.value + 'px'; In 2020, he stepped down from the Facebook board and replaced Bill Gates on the board of multinational conglomerate holding company Berkshire Hathaway. We recommend you to check the complete list of Famous People born on 2 June. In 2008, he gave the commencement address at Howard University. He was only one of five African-Americanstoserve as a CEO of a Fortune500 company. Widely engaged in civic pursuits and broadly experienced in governance matters, Chenault serves on the boards or advisory councils of numerous nonprofit organizations, including the National Academy Foundation, the NYU Langone Medical Center, the Smithsonian Institutions National Museum of African American History and Culture, the National September 11 Memorial & Museum at the World Trade Center, and the Bloomberg Family Foundation. We have estimated JERSEY CITY, N.J. | New Jersey City University (NJCU) has announced that Kathryn and Kenneth Chenault have gifted $100,000 to the university to establish an endowed scholarship fund. 60, who both intend to step down this summer after 12 years of service. In this writing, we have added the Steve Ballmer's age, height, weight, net worth,, 1. I am proud to be associated with them and look forward to working with President Faust and my colleagues in this new role.. The tour offered photos of past recipients of the Pudding Pot, including Bruce Willis. He is considered an inspiration for the upcoming young businessmen and entrepreneurs. She has remained an active and dedicated alumna, including prior service in key governance roles. With that in mind, it is an honor to take on this important role, Mills said. Chenault is the longtime chairman and chief executive officer of American Express Company. Facebook today announced that Kenneth Chenault, Chairman and Managing Director at General Catalyst, will not stand for re-election to the Board of Directors of the Company at the Companys 2020 Annual Meeting of Stockholders, in order to pursue other opportunities. He worked at the corporation Strategic Planning Group for sixteen years Chenault was promoted to president and chief operating officer. Both of Chenaults parents attended Howard University and Chenault likewise enjoyed the advantages of a good education, attending the private, innovative Waldorf School in Garden City through the twelfth grade. Well, how well do you know about Kenneth Chenault? This article was most recently revised and updated by, https://www.britannica.com/biography/Kenneth-Chenault, Blackpast.org - Biography of Kenneth Irvine Chenault, African American Registry - Biography of Kenneth Chenault, Emergency Economic Stabilization Act of 2008. The following year, Chenault was invited by Wake Forest University and Northeastern University to give the commencement speech. He rose through American Expresss ranks at a time when employee diversity was of negligible concern. Kenneth Chenault, in full Kenneth Irvine Chenault, (born June 2, 1951, Mineola, New York, U.S.), American businessman and one of the first African Americans to become the chief executive officer (CEO) of a Fortune 500 firm, the American Express Company; he served as its CEO from 2001 to 2018. She is credited with having guided the SBA through a period of significant renewal and change in the aftermath of the global economic crisis that unfolded in 2008-09, including efforts that supported two record years for SBA-backed lending to small business. Oxford African American Studies Center, http://www.oxfordaasc.com; Beginning in 2007, he served on the Executive Committee of the Business Roundtable and a member of the Council on Foreign Relations. Her tireless commitment to the welfare of young people is demonstrated numerous times through scholarship funds and mentoring programs she has helped develop with various organizations. 67, president of the Carnegie Endowment for International Peace; Joseph J. ODonnell, A.B. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. To further increase American Expresss market share and profitability, Chenault led the companys campaign to build links with banks by allowing them to issue credit cards through American Express. Kenneth is an English give name its the name from a byname meaning handsome comely. So, how much is Kenneth Chenault worth at the age of 71 years old? Chenault is also a member of Sigma Pi Phi fraternity. In December 2018, it was announced that Chenault would step down from his board roles at IBM and Procter & Gamble on February 13, 2019. Chenault was inducted into the Junior Achievement United States Business Hall of Fame in 2002. Discover Kenneth Chenault's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Alternate titles: Kenneth Irvine Chenault. Prior to coming on board with 67, M.B.A. 71, chairman of Centerplate Inc.; Robert D. Reischauer (senior fellow), A.B. This past year she also joined the boards of NYU School of Law and the National Parks Foundation. Chenault also amassed a sizable fortune by serving on the boards of several multinational corporations, including Facebook, IBM, Procter & Gamble, Berkshire Hathaway, and many others. (February 2002), Kenneth Chenault has served for more than a decade as the highly regarded chairman and chief executive officer of American Express Company. The largest trade Kenneth's ever made was exercising 960,000 units of Airbnb Hi there, , money, salary, income, and assets. Kenneth Chenaultis a well-known American business executive who served as CEO and Chairman of American Express for eighteen years (2001-2018). Though it is impossible to get the exact information about salary and assets. Richard Sobel, Chenault, Kenneth Irvine African American National In his early years with the company, Chenault revived its Merchandise Services division by replacing cheap goods with finer offerings such as durable luggage and personal accessories. In 2016, Chenault earned a total compensation of $22 million. Chenault was named to the NCAA board of governors in 2019, part of the initial class of independent governors. In the below section you will get the details of Kenneth Irvine Chenaults height, age, affairs, net worth, and much more information. Hope the above information helps you to know about him. Later, he attended Bowdoin College, where he earned his B.A. Find out why OneTen co-founders Kenneth C. Frazier and Kenneth I. Chenault made the 2021 TIME100 list. Most recently Kathryn has joined forces with other volunteers to raise money for the annual UNICEF Snowflake Gala to benefit Katrina victims as well as children around the world "Kathryn Chenault was elected to the Tufts University Board of Trustees in 1998. Four years later, he was promoted to chairman and chief executive officer. I write blogs, which, considering where youre reading this, makes perfect sense. He became CEO of American Express in 2001. Detailed information about their age and whereabouts is under review and shall be updated as soon as we receive reliable information from trustworthy sources. Kathryn C. Chenault is married to Kenneth I. Chenault. Chenault has served on several boards throughout his career. Chenault was inducted into the Junior Achievement U.S. Business Hall of Fame in 2002. In this writing, we have added the Sachin Bansal's age, height, weight, net worth, girlfriend/affairs. Hand-picked by his American Express predecessor, CEO Harvey Golub, to lead the company upon Golubs retirement, Kenneth Chenault is an attorney and the CEO and chairman of American Express. ins.style.height = container.attributes.ezah.value + 'px'; This is enough to prove that he is not gay. ins.style.width = '100%'; var ffid = 1; He was appointed Chair of the Advisory Council for the Smithsonian Institutions National Museum of African American History and Culture in 2017. His father passed the New York State dental exam with the highest score ever recorded, which was not broken till 2014. An admired public servant with a strong commitment to innovation and entrepreneurship and extensive experience in Harvard governance, Karen Gordon Mills served in President Obamas Cabinet from April 2009 through August 2013 as the administrator of the U.S. Small Business Administration. She has served on the boards of Scotts Miracle-Gro, Arrow Electronics, Guardian Insurance, Latina Media Ventures, and Annies Homegrown. Do you want to know about Hennessy Carolina. In 2007, he became the Executive Committee of the Business Roundtable and also the part of the Council on Foreign Relations. He is happily married to his beautiful and supportive wife Kathryn Chenault. Chenault later became the chairman and managing director of venture capital firm General Catalyst Partners. Due to his hard work, Chenault was finally promoted to Chief Operating Officer in 2001. Frazier was the CEO of Merck, while Chenault was the He is a member of the Westchester Country Club and the fraternity Phi Beta Sigma. Kenneth Chenault (Kenneth Irvine Chenault) was born on 2 June, 1951 in Mineola, New York, United States, is an American business executive. In 1988, Chenault joined the personal card division as executive vice president; and, from 1990 to 1993, he was president of the consumer card and financial services group. He loves to keep his life away from the limelight and is living happily with his family in Rochelle, New York. He was named one of 50 living pioneers in the African-American community in 1995. 68, M.B.A. 70, chairman of Capital Research and Management Company; Robert E. Rubin, A.B. Also learn how He earned most of networth at the age of 69 years old? Additionally, he is an active board member at Airbnb and Berkshire Hathaway where he replaced Bill Gates. Chenault started his career in 1977 as an associate at the law firm Rogers & Wells in New York City, and subsequently served as a consultant for Bain & Company from 1979 to 1981. The duo happily lives in Long Island, New York in a mansion Chenault purchased in 2001 for $7,450,000. 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