Kenneth I. Chenault, CEO of American Express,now one of the Airbnb board of directors.

Just after a week of getting appointed as the board member for Facebook, Kenneth I. Chenault, the outgoing CEO of American Express, is now welcomed as the board member for Airbnb.

Chenault is the first black board member for Airbnb and Facebook alike. Moreover he will also be first non-affiliated independent board member at Airbnb.

Airbnb CEO Brian Chesky welcomes Chenault in an open letter today wherein he said, “As the CEO of American Express, Ken has built one of the most successful trust-based companies in the world,”. “It is a company that has endured and innovated for nearly 168 years. Ken and I spent time talking about the 21st-century model and in particular the role of trust as the infrastructure for such a model. Ken also believes deeply that, now more than ever, companies need to stand for values, character, and competence.”

He added, “As [Chenault] says, ‘I think corporations exist because society allows us to exist. Corporations are not entitled to exist. So I think we have a responsibility and an obligation to help improve society.’ ”
 

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