American Express Global Business Travel
is restructuring to a "global, segment-driven model," with operations divided between segments focusing on global and multinational customers and on small and medium-sized enterprises, a spokesperson for the travel management company says.
David Reimer, who has been Amex GBT's general manager for the Americas as well as executive vice president of global clients, now is leading the travel management company's global and multinational segment as EVP of global and multinational, Martin Ferguson, the vice president of public affairs, tells Business Travel News.
Jason Geall, who in 2021 became the leader of Amex GBT's operations in Europe, the Middle East and Africa, is leading the global small and medium enterprises (SME) segment.
According to Ferguson, Egencia VP and commercial lead Manuel Brachet will work "in lockstep" with Geall and Reimer.
The move will "accelerate growth" and "drive consistency," Ferguson says. "We are in a $1.4 trillion global industry and have a significant opportunity to grow our business and deliver unrivaled value to customers."
Amex GBT announced the organizational changes internally Tuesday and estimates it will incur pre-tax restructuring charges this year in the range of $20 million to $25 million, according to a filing with the U.S. Securities and Exchange Commission.
The filing also reported an amendment to its credit agreement providing for $135 million in loans, which Amex GBT plans to use for "general corporate purposes including
continued Egencia integration
, accelerating growth in SME [via the restructuring] and to drive efficiencies," according to the filing.
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This article originally appeared on BTN
.