WEX announced a management transition plan in accordance with the Board of Directors’ longstanding succession planning process. To ensure a seamless transition and allow the executive management team to maintain its focus on executing the company’s long-term strategic plan, the transition will be implemented in two phases. Effective immediately, Melissa D. Smith has been appointed president of WEX. On January 1, 2014 she will become CEO in addition to maintaining her role as president and assuming a seat on the Board of Directors. Michael E. Dubyak will remain chairman and CEO during this transition period and will then move into the newly created role of executive chairman of the Board.