Wex, Inc. (WEX) Announces Management Changes

WEX (NYSE: WEX), a leading financial technology service provider, today announced a reorganization of its Executive Leadership Team to better serve its customers with solutions that maximize efficiency and enable better integration across the Company’s expansive and world-class payments and tech platform.

As part of the reorganization, which will be effective January 1, 2022, Robert Deshaies has been appointed Chief Operating Officer, Americas. In this newly created role, Mr. Deshaies will oversee the strategic growth of, and collaboration across, Fleet, Health, Corporate Payments and Travel in the Americas. Mr. Deshaies joined WEX in 2014 and previously served as president of WEX’s health division, where he has been responsible for the growth and integration of the business through management of sales, marketing, business development, operations, product marketing, and customer experience.

In the coming months, the Company also expects to name a Chief Operating Officer, EMEA and APAC, to lead the Company’s strategic growth internationally, as well as a Chief Digital Officer to expand digital commerce and product development opportunities.

“Today’s announcement is an important step to ensure we are best positioned to capitalize on the tremendous growth opportunity that lies ahead,” said Melissa Smith, WEX’s Chair and Chief Executive Officer. “These changes will allow us to move our business closer to our customers’ needs and preferences while keeping what makes our products unique. Our goal is to create even more expansive fully integrated customer relationships by offering a one-touch experience as they see the solutions that are possible across our entire product portfolio. Robert has been instrumental in accelerating the revenue growth and market presence of our Health division, and I look forward to watching him grow our business.”

Anthony Hynes, currently President of Global Travel, will move to an Executive Advisor role, reporting to Melissa Smith. In addition, Scott Phillips, President, Global Fleet, will retain his current position until January 1, 2022, and will help facilitate a smooth transition of the Fleet business, until he leaves WEX on April 1, 2022. “Since joining WEX as part of our acquisition of EFS in 2016, Scott has been a key member of the executive leadership team, and has been a huge part of the success of our Global Fleet business. He helped evolve, innovate and modernize our fleet platform, and has been a tireless advocate for our customers and partners. On behalf of both the Board of Directors and our employees, I want to thank Scott for his leadership at WEX and wish him success in his future endeavors,” said Ms. Smith.

The remainder of the Executive Leadership Team will continue in their existing roles.

“Looking ahead, I am confident these changes will allow us to secure our next phase of growth and better position us to achieve our strategic priorities. The future is very bright for WEX,” said Ms. Smith.

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