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WEX Inc. (WEX)

NYSE - NYSE Delayed Price. Currency in USD
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195.84-3.52 (-1.77%)
At close: 4:00PM EDT

WEX Inc.

1 Hancock Street
Portland, ME 04101
United States
207-773-8171
http://www.wexinc.com

Sector(s)Technology
IndustrySoftware—Infrastructure
Full Time Employees5,200

Key Executives

NameTitlePayExercisedYear Born
Ms. Melissa D. SmithChairman, Pres & CEO2.06M2.29M1969
Mr. Roberto R. SimonChief Financial Officer1.17M3.5M1974
Mr. Scott Robert PhillipsPres of Global Fleet984.33kN/A1970
Mr. Joel Alan Dearborn Jr.Pres of Corp. Payments714.89kN/A1979
Mr. Robert Joseph DeshaiesPres of Health Division788.64kN/A1966
Mr. David CooperChief Technology OfficerN/AN/A1967
Mr. Steven Alan ElderSr. VP of Global Investor RelationsN/AN/A1969
Ms. Hilary Ann RapkinChief Legal Officer & Sec.N/AN/A1967
Ms. Ann Elena Drew J.D.Chief Risk & Compliance OfficerN/AN/AN/A
Ms. Melanie J. TintoChief HR OfficerN/AN/A1972
Amounts are as of December 31, 2020 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

WEX Inc. provides financial technology services in North America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; premium fleet services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment processing solutions for payment and transaction monitoring needs. Its products include virtual cards that are used for transactions where no card is presented and that require pre-authorization; and prepaid and gift card products that enables secure payment and financial management solutions with single card options, access to open or closed loop redemption, load limits, and with various expirations. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is headquartered in Portland, Maine.

Corporate Governance

WEX Inc.’s ISS Governance QualityScore as of June 1, 2021 is 4. The pillar scores are Audit: 5; Board: 1; Shareholder Rights: 3; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.