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WEX Inc. (WEX)

NYSE - Nasdaq Real-time price. Currency in USD
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237.79+3.91 (+1.67%)
As of 02:14PM 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 employees7,200

Key executives

NameTitlePayExercisedYear born
Ms. Melissa D. SmithChairman of the Board, President & CEO3.03MN/A1969
Mr. Jagtar NarulaChief Financial Officer989.4kN/A1971
Ms. Jennifer KimballChief Accounting Officer883.64kN/A1975
Mr. Joel Alan Dearborn Jr.Chief Strategy Officer1.12MN/A1979
Mr. Robert Joseph DeshaiesChief Operating Officer of Americas1.34MN/A1966
Ms. Karen B. StroupChief Digital Officer1.27MN/A1977
Mr. Sachin DhawanChief Technology OfficerN/AN/A1975
Mr. Steven Alan ElderSenior Vice President of Global Investor Relations450.39k423.19k1969
Ms. Hilary Ann Rapkin Esq.Chief Legal Officer & Secretary530.49kN/A1967
Ms. Ann Elena Drew J.D.Chief Risk & Compliance OfficerN/AN/A1971
Amounts are as of 31 December 2022, 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. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings. This segment markets its products directly and indirectly to businesses and government agencies with fleets of commercial vehicles; and indirectly through co-branded and private label relationships. The Corporate Payments segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. This segment also markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals. The Benefits Solutions segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. In addition, its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. Further, it offers custodial and depository services for health savings accounts; and markets its products through third-party administrators, financial institutions, payroll providers, and health plans. 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 March 2024 is 1. The pillar scores are Audit: 1; Board: 2; Shareholder rights: 3; 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 10 indicates higher governance risk.