Bloomberg News

AmEx Says General Motors CEO Akerson Won’t Seek New Board Term

February 13, 2012

Feb. 13 (Bloomberg) -- American Express Co. said General Motors Co. Chairman and Chief Executive Officer Daniel F. Akerson won’t stand for re-election to the credit-card lender’s board.

Akerson, who has been an AmEx director since 1995, told the company he made the decision to devote more time to his duties at Detroit-based GM, the New York-based credit-card lender said today in a statement.

To contact the reporter on this story: Dawn Kopecki in New York at dkopecki@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net


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