Connect with us

Bussiness

Who Is Kenneth Chenault? DNC’s Only ‘Business’ Speaker Tuesday Is Former Amex CEO

Published

on

Who Is Kenneth Chenault? DNC’s Only ‘Business’ Speaker Tuesday Is Former Amex CEO

Topline

Former chairman and CEO of American Express Kenneth Chenault—an outspoken critic of 2020 election denialism and opponent of Republican-backed voter restrictions—is set to speak Tuesday at the Democratic National Convention, the only “business executive” on the day’s schedule.

Key Facts

Chenault is scheduled to speak during the 9 p.m. EDT hour.

Chenault, who spent 17 years as chairman and CEO of American Express—one of just 19 Black chief executives ever at a Fortune 500 company, according to The Washington Post—is now the chairman and managing director of venture capital firm General Catalyst and chairman of fintech Bilt Rewards for home and apartment renters.

He also sits on the board of several other companies, including Airbnb, Berkshire Hathaway, the Harvard Corporation and numerous nonprofits, like the Smithsonian Institution’s Advisory Council for the National Museum of American History and Culture and Bloomberg Philanthropies.

Chenault served on former President Barack Obama’s Council on Jobs and Competitiveness and attended a White House meeting between President Joe Biden and other business executives in October to discuss consumer behavior.

Chenault, along with former Merck CEO Kenneth Frazier, led a campaign to defeat restrictive voting law proposals, like a new ID requirement in Georgia for mail-in ballots that critics said could introduce roadblocks to ballot access for minorities, and successfully recruited a roster of big-name companies to join the movement.

Chenault has been an outspoken critic of efforts to deny the 2020 election results, calling them “mind-boggling” during the Forbes Future of Work Summit in 2022, while lamenting the “serious issues with respect to the threats to our democracy.”

Tangent

Chenault resigned from Facebook’s board of directors in 2020 following a disagreement with the company over its governance and political policies, The Wall Street Journal reported at the time, citing sources who said Chenault was frustrated with the company’s lack of involvement in the election. His resignation came shortly after Facebook said it wouldn’t fact-check political ads. Chenault said in a statement to the Journal he was stepping down to join the Berkshire Hathaway board and wished CEO Mark Zuckerberg and the company leadership his best. Zuckerberg also publicly thanked Chenault upon his departure.

Key Background

Chenault will speak ahead of former First Lady Michelle Obama and former President Barack Obama, who will deliver the keynote address to close out the second night of the convention. The four-day event kicked off Monday in Chicago and is set to conclude Thursday with a speech from Vice President Kamala Harris accepting her party’s nomination.

Further Reading

Trump Vs. Harris 2024 Polls: Harris Takes 4-Point Lead As DNC Kicks Off (Forbes)

DNC Day 1: Biden Delivers Emotional Closing Speech After Hillary Clinton And Harris Hail His ‘Historic Leadership’ (Forbes)

Democrats Approve Party Platform—Written Before Harris Became Nominee (Forbes)

Continue Reading