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American Express Incentive Services Names New Chief Financial Officer

ST. LOUIS, May 22, 2008 – American Express Incentive Services (AEIS), an incentive industry leader, has named Russell Yergensen as chief financial officer. Yergensen brings over 20 years of financial experience to the position, 15 of which were spent in the prepaid business with AEIS parent company American Express. With a focus on business and technology transformation, Yergensen will lead AEIS' strategic planning, finance, pricing and legal management teams as the company pursues revenue growth and implements innovative programs to deliver custom enhancements and operating efficiencies.

 

"By making intelligent investments and capitalizing on technological advances, AEIS can continue to offer incentive solutions that are sought after by a wide client base," said Yergensen. "AEIS has a significant opportunity to grow a customer-centric business, help clients drive customer and employee loyalty via highly-acclaimed reward management solutions, and deliver superior cardholder value for award winners.";

 

Yergensen joined the AEIS executive team in March 2008 after serving as vice president of strategic planning and business analysis for American Express' Travelers Cheque and Prepaid Services group. Prior to that role, Yergensen was the director of business planning and financial analysis for American Express. He joined American Express after serving as a certified public accountant with Ernst & Young.

 

About AEIS

AEIS, a joint venture between American Express Travel Related Services Company Inc. and Maritz Inc., provides business-to-business reward solutions including stored-value cards, American Express® Gift Cheques and a Web-based reward management tool. Its products address a broad array of applications such as employee reward and recognition, sales incentives and consumer promotions while helping clients drive consumer and employee behaviors, build loyalty and increase brand awareness. AEIS is headquartered in Fenton, Mo. and is a licensee of U.S. Patents 5,689,100 and 5,956,695 and Canada Patent 2,215,969. For more information, please contact prmanager@aeis.com.