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WEX Inc. (WEX)

NYSE - Nasdaq Real-time price. Currency in USD
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155.20-1.98 (-1.26%)
As of 02:06PM EDT. Market open.

WEX Inc.

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

Sector(s)Technology
IndustrySoftware—Infrastructure
Full-time employees5,600

Key executives

NameTitlePayExercisedYear born
Ms. Melissa D. SmithChairman, Pres & CEO3.11M10.92M1969
Mr. David CooperSr. VP & Chief Technology Officer913.1kN/A1967
Mr. Robert Joseph DeshaiesChief Operating Officer of Americas1.07MN/A1966
Ms. Jennifer KimballChief Accounting Officer & Interim CFON/AN/A1975
Mr. Steven Alan ElderSr. VP of Global Investor RelationsN/AN/A1969
Ms. Hilary Ann Rapkin Esq.Chief Legal Officer & Sec.N/AN/A1967
Ms. Ann Elena Drew J.D.Chief Risk & Compliance OfficerN/AN/A1971
Ms. Melanie J. TintoChief HR OfficerN/AN/A1972
Mr. Joel Alan Dearborn Jr.Pres of Corp. PaymentsN/AN/A1979
Mr. Marcelo Geraldi VellosoManaging Director of Latin AmericaN/AN/AN/A
Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes 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 the United States and internationally. 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; 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 solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. 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. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. 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 based in Portland, Maine.

Corporate governance

WEX Inc.’s ISS governance QualityScore as of 1 May 2022 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder rights: 3; Compensation: 2.

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 10 indicates higher governance risk.