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WEX Elects Jim Groch, Chief Investment Officer and Global Group President of CBRE Group, to its Board of Directors

PORTLAND, Maine--(BUSINESS WIRE)--May 14, 2020-- WEX Inc. (NYSE: WEX), a leading financial technology service provider, today announced that Jim Groch has been elected to its board of directors. Mr. Groch has served as a senior C-suite executive at CBRE for over a decade and at Trammell Crow Company before that. He has played a leading role in helping to transform CBRE to its position as a Fortune 150 company and Fortune’s #1 ranked real estate company on its World’s Most Admired roster.

“We are honored to welcome Jim to the WEX board,” WEX Chair and CEO Melissa Smith said. “He brings extensive leadership, finance and M&A experience, including having led the acquisition of more than 90 companies while at CBRE.”

Mr. Groch currently serves as CBRE’s Chief Investment Officer and Global Group President. He has also served as the company’s Chief Financial Officer and Head of Corporate Development and has been active in technology, acquiring multiple SaaS companies and leading the development of two innovative software platforms.

Prior to CBRE, Mr. Groch held numerous C-suite executive roles at Trammell Crow Co. (TCC), before orchestrating the sale of TCC (a NYSE company) to CBRE in Dec. 2006.

Mr. Groch became Trammell Crow Company’s youngest partner in 1988, three years after joining the company at age 23. After 35 years at CBRE and Trammell Crow Company, Mr. Groch has announced his upcoming early retirement from CBRE effective June 30, 2020.

Jim received his MBA at the Darden School of Business at the University of Virginia.

About WEX

Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 5,000 associates around the world. WEX fleet cards offer 14.9 million vehicles exceptional payment security and control; purchase volume in travel and corporate solutions grew to $39.6 billion in 2019; and the WEX Health financial technology platform helps 390,000 employers and 31.8 million consumers better manage healthcare expenses. For more information, visit www.wexinc.com.

Rob Gould
WEX
robert.gould@wexinc.com

Source: WEX Inc.