American Express Global Business Travel (No. 3 on Travel Weekly's 2022 Power List) is restructuring to a "global, segment-driven model," with operations divided between segments focusing on global and multinational customers and on small and medium-size (SME) enterprises.
David Reimer, who has been Amex GBT's general manager for the Americas as well as executive vice president of global clients, now is leading the global and multinational segment as executive vice president of global and multinational.
Jason Geall, who in 2021 became the leader of Amex GBT's operations in Europe, the Middle East and Africa, is leading the global SME segment. According to Ferguson, Egencia vice president and commercial lead Manuel Brachet will work "in lockstep" with Geall and Reimer.
The move will "accelerate growth" and "drive consistency," said Amex GBT vice president of public affairs Martin Ferguson. "We are in a $1.4 trillion global industry and have a significant opportunity to grow our business and deliver unrivaled value to customers."
Amex GBT announced the organizational changes internally last Tuesday and estimates it will incur pre-tax restructuring charges this year in the range of $20 million to $25 million, according to a filing with the U.S. Securities and Exchange Commission.
The filing also reported an amendment to its credit agreement providing for $135 million in loans, which Amex GBT plans to use for "general corporate purposes including continued Egencia integration, accelerating growth in SME [via the restructuring] and to drive efficiencies," according to the filing.
Source: Business Travel News