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American Express Names Silverman New PresidentJune 9, 2011 By: George Dooley Travel Agent
Josh Silverman will join American Express in early July as President of the U.S. Consumer Services business, the unit that provides the company’s consumer cards and travel services in the U.S., American Express reported.
Silverman was most recently Executive in Residence at venture capital firm Greylock Ventures, whose portfolio includes Facebook, Pandora, Groupon, Linked In, One King’s Lane and Zipcar. Until mid 2010, he served as the CEO of Skype where he led the company’s revitalization as it prepared its spin-off from eBay, launched award-winning products and repositioned the brand around video-based Internet calling. Among his accomplishments was helping the company add 300 million new customers – which translated into 300,000 new customers per day, the company said.
Prior to his tenure at Skype, Silverman was a senior executive at eBay from 2003-2008, where he initially led a number of acquisitions and expanded the company’s classified advertising businesses in Europe, building a leading position there within one year. He then became CEO of eBay’s Shopping.com site, the sixth largest e-commerce destination in the U.S. and a leader in the U.K., France, Germany and Australia.
One of Silverman’s first entrepreneurial ventures was as CEO and co-founder of Evite, the leading social event planning site which helps send more than 16 million invitations to more than 450,000 events each month. He ran that company until it was sold to IAC in 2001.
Ed Gilligan, vice chairman, American Express commented, “This, combined with his consumer experience and digital marketing expertise, makes him an ideal fit for American Express as we think about the current and future opportunities for our company.”