Daniel Schulman joins American Express from Sprint Nextel to head the enterprise growth group, a newly created position and business unit.
Schulman will be responsible for the company’s global strategy to expand alternative mobile and online payment services, form new partnerships and build revenue streams beyond the traditional card and travel businesses. He will also be responsible for the company’s business development, mergers and acquisitions (M&A) unit. Revolution Money, the online payments business acquired last year by American Express, will report to Schulman, as will the Global Prepaid Business.
Schulman will report to Kenneth Chenault, chairman and chief executive officer (CEO) and be based in New York.
Schulman joins American Express from Sprint Nextel Corporation, where he has served as president of Sprint’s prepaid group since 2009. Before joining Sprint, Schulman was the founding CEO of Virgin Mobile USA, a mobile virtual operator, acquired by Sprint in 2009. Prior to that he was CEO of priceline.com and spent the early part of his career with AT&T, where he ultimately led the company’s consumer long distance business.
Schulman is a director of Symantec and Flextronics, and is a member of the board of Rutgers University and Autism Speaks. He holds a BA in Economics from Middlebury College and an MBA in Finance from New York University.
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