American Express Names Interim General Counsel
American Express has named Tim Heine to the post of interim general counsel while the company searches for a successor to Louise Parent, who is retiring from American Express at the end of the year.
Parent, who led the legal department for 20 years, will join Cleary Gottlieb Steen & Hamilton as of counsel in 2014.
In a company memo this week, American Express CEO Kenneth Chenault said the search for a new general counsel will take some time and he has asked Heine to serve as interim starting on Jan. 1. Heine has been managing counsel for more than 20 years, overseeing legal and regulatory affairs for several company businesses.
"Tim's breadth of experience, his success in managing some of the most challenging legal and regulatory issues we have faced and the trust he has engendered from all who work with him, make him a terrific choice for this assignment," Chenault said.
In the same memo, Chenault said the company's security services and aviation group will no longer report to the general counsel's office, which will allow the legal department to "focus its energies entirely on its core responsibilities in an increasingly complex regulatory and legal environment."
American Express has about 245 people in its legal department, about half of whom are attorneys, said spokeswoman Marina Norville.