American Express hired Sprint Nextel prepaid group president Daniel Schulman to head its new enterprise growth business unit

"to expand alternative mobile and online payment services, form new partnerships and build revenue streams beyond the traditional card and travel businesses." Responsible for the company's business development, mergers and acquisitions, Revolution Money online payments business and global prepaid business, Schulman will report to Amex chairman and CEO Kenneth Chenault. Amex also elected former Revolution Money chairman and retired AOL executive Ted Leonsis to its board of directors and asked him to chair a new innovation and technology committee.