WEX - WEX Inc.

NYSE - NYSE Delayed Price. Currency in USD

WEX Inc.

225 Gorham Road
South Portland, ME 04106
United States
207-773-8171
http://www.wexinc.com

SectorServices
IndustryBusiness Services
Full Time Employees3,300

Key Executives

NameTitlePayExercisedAge
Mr. Michael E. DubyakExec. ChairmanN/AN/A66
Ms. Melissa D. SmithPres, CEO & Director1.68M469.45k48
Mr. Roberto R. SimonChief Financial Officer900.99kN/A43
Mr. Steven Alan ElderSr. VP of Global Investor Relations450.39k423.19k48
Mr. Kenneth W. JanosickChief Risk & Operations Officer669.82kN/A55
Amounts are as of December 31, 2016 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 corporate card payment solutions in North and South 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 and transaction 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; and merchant services. This segment markets its products directly 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 corporate 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 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 employee benefit products in Brazil. Its products include WEX Health Cloud used in the complex healthcare market. 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 South Portland, Maine.

Corporate Governance

WEX Inc.’s ISS Governance QualityScore as of February 1, 2018 is 5. The pillar scores are Audit: 5; Board: 4; Shareholder Rights: 5; Compensation: 4.

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.