American Express general counsel Louise Parent has quit the credit card giant to join the New York office of Cleary Gottlieb Steen & Hamilton after 20 years in the job.
Parent, who joined the business in 1977, announced her retirement from the role in April this year and is expected to join Cleary as of counsel next spring. Her replacement has not yet been named.
In an internal announcement sent to staff this spring CEO Ken Chenault said: ”Of all the decisions she [Parent] has made over the years, choosing to retire is the only one that I hoped to see her take back. However, I understand and respect her desire to begin a new chapter in her life, one that will allow her to more fully enjoy her family and passions outside of daily work.”
”[..]Louise has been a terrific partner to me and other business leaders as we managed American Express through recessions, acts of terrorism, the financial crisis and unprecedented regulatory changes.”
The memo said that Parent had agreed to remain in her role until a new GC was named to ensure a smooth transition.
“Given the critical importance of this job, we will conduct a wide-ranging internal and external search for her successor,” closed Chenault.
Last month American Express advertised for a new legal position in Europe, calling for a director of the Europe, Middle East and Africa (EMEA) region to report to the group’s EMEA general counsel. London-based Tim Ehinger, who joined in 2003, leads the EMEA legal department.
American Express had not provided a comment at the time of writing.