WEX Expands Global Leadership Team with Two Appointments in Newly Created Roles

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Karen Stroup joins as Chief Digital Officer

Carlos Carriedo joins as COO, International

PORTLAND, Maine, December 21, 2021– (COMMERCIAL THREAD) –WEX (NYSE: WEX), a leading provider of financial technology services, today announced two new additions to its global leadership team: Karen Stroup as Chief Digital Officer and Carlos Carriedo as Chief Operating Officer , International, overseeing WEX operations in Europe, East Africa (EMEA) and Asia-Pacific (APAC). These positions are both newly created roles. Stroup and Carriedo will report directly to Managing Director Melissa Smith and will begin with WEX effective January 3, 2022.

Karen Stroup joins the WEX management team as the company’s first Chief Digital Officer. In her role, she will be responsible for promoting digital commerce and product development opportunities across the company. Stroup joins WEX from Thomson Reuters where she served as Chief Digital Officer since 2019. She brings over 15 years of experience leading innovation, product management and digital software as a service offerings, mainly in financial services. Prior to her role at Thomson Reuters, Stroup was Senior Vice President, Products and Innovation at Capital One Financial Services and Vice President, Product Management at Intuit. She holds an MBA from the Tuck School of Business at Dartmouth and a BA from the University of Notre Dame.

As COO, International, Carriedo will lead the company’s strategic growth internationally. Carriedo has over two decades of experience leading the growth of global businesses through multinational innovation and digital transformation initiatives. Most recently, he worked at American Express as General Manager of Commercial Services for Europe, and he was also President of American Express Bank of Russia. During his time at American Express, Carriedo held various commercial service management roles in international markets including Europe, Russia, Canada and Latin America. In addition, he led a global council to integrate best practices in international markets, focused on growth, scalability and productivity improvement. Prior to joining American Express, Carriedo worked as an analyst at Deloitte Consulting. He holds an MBA from Stanford University and an undergraduate degree from the Instituto Tecnólogico de Estudios Superiores de Monterrey in Mexico.

“Looking to 2022, Karen and Carlos will be instrumental in expanding our global presence and optimizing digital solutions for customers around the world,” said Melissa Smith, President and CEO of WEX . “As seasoned innovation and international professionals, the two leaders will enhance our global competitive position by focusing on WEX’s strategic growth and international collaborative initiatives. I look forward to partnering with them as we continue to grow our business. “

The additions of Carriedo and Stroup are aligned with the reorganization of the WEX leadership team, first announced in October 2021, and bring complementary skills to the team. The reorganization aims to provide customers with solutions that maximize efficiency as the organization grows and streamlines integration across the company’s broad, world-class payment and technology platform.

About WEX

WEX (NYSE: WEX) is a leading provider of financial technology services. We provide payment solutions to businesses of all sizes across a wide range of industries, including fleet, corporate payments, travel and healthcare. WEX has offices in 14 countries and employs approximately 5,400 people worldwide. Learn more on LinkedIn, Facebook, Instagram, Twitter and our corporate blog. For more information visit www.wexinc.com.

Disclaimer Regarding Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding: our expectations regarding the roles, duties and responsibilities expected of these newly appointed executives. All statements that are not statements of historical fact can be considered as forward-looking statements. When used in this publication of results, the words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may “,” Plan “,” plan “,” will “, and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, including: the ability of newly appointed officers to fulfill or successfully fulfill their roles, duties and responsibilities, as applicable. applicable, as well as other risks and uncertainties identified in Section 1A of WEX’s annual report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission on March 1, 2021 and the report WEX Quarterly on Form 10-Q for the quarter ended September 30, 2021, filed with the Securities and Exchange Commission on November 9, 2021. WEX’s forward-looking statements do not reflect the potential future impact of an alliance, merger , acquisition, sale or repurchase of shares. Forward-looking statements speak only as of the date of this press release, and no undue reliance should be placed on such statements. WEX disclaims any obligation to update forward-looking statements as a result of new information, future events or otherwise.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211221005642/en/

Contacts

Media:
WEX
Jessica Roy, 207-318-3461
[email protected]

Edelman
Samantha Wolf, 646-639-2405
[email protected]

Investor:
WEX
Steve Elder, 207-523-7769
[email protected]


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