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06.10.26 - 16:51
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Amex GBT Announces Planned CEO Transition (Business Wire)
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Paul Abbott moves to Operating Partner with Long Lake
Drew Crawley appointed CEO
NEW YORK--(BUSINESS WIRE)--American Express Global Business Travel (Amex GBT) today announced a planned leadership transition as the company begins its next chapter in partnership with Long Lake.
Paul Abbott will move to a new role as Operating Partner with Long Lake. Drew Crawley, currently President of Amex GBT, will succeed Abbott as Chief Executive Officer. The leadership transition will take effect immediately.
Abbott led Amex GBT for the past seven years, overseeing a period of significant growth and transformation, including navigating the disruption of the global pandemic, the strategic acquisitions of Egencia and CWT, product and technology transformation, going public in 2022, and culminating in completing the world's first AI-focused take-private deal. In his new role with Long Lake, Abbott will provide guidance to companies in its verticals.
Crawley joined Amex GBT six years ago. As president, he has led the comp...
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01.10.26 - 16:45
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American Express and IDA Foundation Mark Five Years of Backing International Small Restaurants and Launch 2026 Applications (Business Wire)
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Program expands to Italy for the first time, awarding more than $1.5 million in grants to over 100 independent restaurantsNEW YORK--(BUSINESS WIRE)--American Express and the International Downtown Association Foundation (IDA) today launched this year's Backing International Small Restaurants grants program, open for applications through November 16, 2026. Celebrating its fifth anniversary, the program plans to award more than $1.5 million to support over 100 independent restaurants across nine countries and expand to Italy for the first time.
The program supports small, independent restaurants as they grow, recover and support their local communities, including investments that strengthen their operations and long-term resilience. Since 2022, the Backing International Small Restaurants grants program has grown from five cities in five countries to 15 cities across nine countries, including the UK, Mexico, Australia, New Zealand, Japan, Canada, Spain, France and for the first time this year, Italy.
“Ind...
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30.09.26 - 16:54
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Amex′s New AI Agent for Expenses (Bloomberg)
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American Express Group President Ray Jobar reveals a new AI‑powered corporate platform that slashes hours from expense reports, gives finance teams real‑time spend insights, and uses agentic tools to streamline back‑office work for mid‑sized companies. (Source: Bloomberg)...
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29.09.26 - 14:33
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Long Lake, the World′s First AI Holding Company, Completes $6.3 Billion Acquisition of American Express Global Business Travel (Business Wire)
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Amex GBT to delist from NYSE and operate as a private company under Long Lake
Long Lake's AI engineering will support Amex GBT's world-class travel and service teams to drive more value to customers and redefine the managed travel experience
NEW YORK--(BUSINESS WIRE)--Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”) today announced the completion of its acquisition by Long Lake Management (“Long Lake”) in an all-cash transaction valuing the company at approximately $6.3 billion. The acquisition was previously announced on May 4, 2026, and approved by Amex GBT stockholders at the Special Meeting of Stockholders held on August 3, 2026.
Under the terms of the merger agreement, Amex GBT stockholders received $9.50 per share in cash representing a 65.1% premium to the 30-day VWAP from the date of the merger agreement. In connection with the completion of the transaction, Amex GBT common stock has ceased trading and will be delisted from the New York Stock Exchange (NY...
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