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Wright Express Announces Senior Management Promotions
Organizational changes strengthen company's ability to execute against growth and expansion strategies
SOUTH PORTLAND, Maine, Apr 06, 2011 (BUSINESS WIRE) -- Wright Express Corporation (NYSE: WXS), a leading global provider of payment processing and information management services, today announced two senior management promotions. The changes will help support the evolution of the Company into a global enterprise, as well as its expansion efforts both domestically and abroad:
- Melissa Smith promoted to President of North America
- Steve Elder promoted to Senior Vice President and Chief Financial Officer
"As we continue to diversify and expand our business, we are adapting our leadership structure to support this growth, which will allow us to better innovate and collaborate across the company," said Michael Dubyak, Chairman, President and Chief Executive Officer of Wright Express Corporation. "With these leadership changes, my role can now evolve from having a daily focus on our North American operations to focusing on international expansion and corporate development opportunities, as well as creating linkages between our North American and International operations that optimize growth and the transfer of intellectual capital. With our international business in the early stages of development, the appointment of Melissa to her new role will enable us to leverage our North American expertise in order to accelerate our growth overseas."
Melissa Smith, currently Chief Financial Officer and Executive Vice President, Finance and Operations, will become President of Wright Express North America, a newly created role in which she will be responsible for the strategy and execution of North American operations. She will also ensure that strategies supporting the company's international expansion efforts are being adequately supported by North America. Melissa's experience at Wright Express includes taking on increasing responsibility and leadership roles in the areas of finance, operations, information technology and business development. Melissa will continue to report directly to Michael Dubyak.
In addition, Steve Elder, currently Vice President, Corporate Finance and Treasurer, will become Senior Vice President and Chief Financial Officer. Steve began his career with Wright Express in 1998 and has performed in a variety of financial assignments with increasing responsibility including most recently Treasurer and Vice President of Investor Relations. He earned a bachelor's degree in business administration from The University of Maine and a master's degree in accounting from The University of Rhode Island. Steve will also report directly to Michael Dubyak.
About Wright Express
Wright Express is a leading provider of value-based, business payment processing and information management solutions. The Company's fleet, corporate, and prepaid payment solutions provide its more than 350,000 customers with unparalleled security and control across a wide spectrum of business sectors. The Company's subsidiaries include Wright Express Financial Services, Pacific Pride and Wright Express International, including Wright Express Prepaid Cards Australia and Wright Express Fuel Cards Australia. Wright Express and its subsidiaries employ more than 850 associates in six countries. For more information about Wright Express, please visit wrightexpress.com.
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SOURCE: Wright Express Corporation