WEX Says Melissa Smith Assumes Role Of CEO - Quick Facts

(RTTNews) - WEX Inc. (WEX), a provider of corporate payment solutions, announced Thursday that Melissa Smith has assumed the role of chief executive officer, effective January 1. In addition, Smith has assumed a seat on the WEX Board of Directors and will maintain her role as president.

The firm said that it completed its succession plan previously announced in May 2013.

The company noted that Michael Dubyak, previous WEX chairman and chief executive officer, has moved into the newly created role of WEX executive chairman of the Board which he will hold through December 31, 2014.

Smith joined WEX in 1997 and most recently served as president, with responsibility for the day-to-day operations of WEX on a global basis. As president, and during the management transition period, she worked closely with Dubyak to oversee the execution of the company's strategic initiatives, as well as strategic planning for 2014 and beyond. Earlier, she served as president, The Americas, with oversight for the strategy and execution of WEX's operations in The Americas.

Smith has 16 years of experience in the payments space and has held various positions of increasing responsibility across all facets of the company including finance, operations, international, and general management. Smith has been a member of WEX's senior leadership team for the past 12 years, and as former chief financial officer, played a key role in taking the company public and developing relationships with the investment community.