Harvey Golub, chairman of American Express, has been elected to the board of The Warnaco Group, Linda J. Wachner, chairman and CEO, announced today. Mr Golub served as CEO of American Express from 1993 to December 2000. During this period, he led the company through an extraordinary turnaround, resulting in total shareholder return of more than 800 per cent and an increase in market share after several years of decline. Under his leadership, the company's market capitalisation increased from $11bn in 1993 to $73bn at year-end 2000.