Jim Cracchiolo has been Chairman and Chief Executive Officer of Ameriprise Financial since 2005, when the company, American Express Financial Advisors, completed its spin-off from the American Express Company. Mr. Cracchiolo has guided Ameriprise with a strong, client-centric culture and a record for generating meaningful, long-term shareholder value. In 2019, the company marked the 125th anniversary of its founding. Ameriprise is proud to be one of a select group of public companies in the United States in business for more than a century.
Prior to his current role, Mr. Cracchiolo held a number of executive level positions at American Express, including leading businesses with significant domestic and global operations. Mr. Cracchiolo served as Group President American Express Global Financial Services from 2000-2005 and held the following roles: Chairman and CEO of American Express Financial Advisors; Chairman of American Express International Bank; and CEO of Travel Related Services International. In addition, Mr. Cracchiolo was President and CEO of Travel Related Services International from 1998-2000; President of Global Network Services from 1997 to 1998; Senior Vice President of Travel Related Services Quality, Global Reengineering and Strategy from 1993-1997; and Executive Vice President and Chief Financial Officer of Shearson Lehman Brothers (then a unit of American Express) from 1990-1993.
Mr. Cracchiolo has 40 years of experience in the financial services industry and a record of proven leadership in running global businesses with large scale operations and thousands of employees. Mr. Cracchiolo brings to the Board valuable executive leadership experience, a strong financial background, and effective long-term strategic planning and risk management expertise. He has built new businesses, restructured significant lines of businesses, and negotiated and integrated a number of successful acquisitions.
Mr. Cracchiolo is a member of the Business Roundtable. He previously served on the boards of directors of the American Council of Life Insurers, the Financial Services Roundtable and on the board of advisors to the March of Dimes Foundation.
Mr. Cracchiolo holds a bachelor’s degree in accounting and economics and a master of business administration degree in finance, both from New York University. He also holds a Certified Public Accountant designation in New York State and is certified with Finra as a General Securities Representative and General Securities Principal in the United States.
What is James M. Cracchiolo's net worth?
The estimated net worth of James M. Cracchiolo is at least $57.47 million as of August 3rd, 2023. Mr. Cracchiolo owns 157,103 shares of Ameriprise Financial stock worth more than $57,474,562 as of December 11th. This net worth evaluation does not reflect any other assets that Mr. Cracchiolo may own. Additionally, Mr. Cracchiolo receives an annual salary of $9,850,000.00 as CEO at Ameriprise Financial. Learn More about James M. Cracchiolo's net worth.
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Has James M. Cracchiolo been buying or selling shares of Ameriprise Financial?
James M. Cracchiolo has not been actively trading shares of Ameriprise Financial during the past quarter. Most recently, James M. Cracchiolo sold 9,616 shares of the business's stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $354.00, for a transaction totalling $3,404,064.00. Following the completion of the sale, the chief executive officer now directly owns 157,103 shares of the company's stock, valued at $55,614,462. Learn More on James M. Cracchiolo's trading history.
Who are Ameriprise Financial's active insiders?
Ameriprise Financial's insider roster includes Gumer Alvero (Insider), Walter Berman (CFO), Dawn Brockman (Insider), James Cracchiolo (CEO), John Hutt (Insider), Heather Melloh (EVP), Colin Moore (EVP), Robert Sharpe, Jr. (Director), Gerard Smyth (EVP), Joseph Sweeney (Insider), Karen Thissen (VP), William Truscott (CEO), and John Woerner (Insider). Learn More on Ameriprise Financial's active insiders.
Are insiders buying or selling shares of Ameriprise Financial?
In the last twelve months, insiders at the financial services provider sold shares 9 times. They sold a total of 98,396 shares worth more than $34,594,982.81. The most recent insider tranaction occured on August, 4th when CFO Walter Stanley Berman sold 13,042 shares worth more than $4,584,915.10. Insiders at Ameriprise Financial own 0.7% of the company.
Learn More about insider trades at Ameriprise Financial. Information on this page was last updated on 8/4/2023.
