Executive to Focus on Business Growth, International Operations
and Strategic M&A
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Oct. 27, 2009--
Wright
Express Corporation (NYSE: WXS), a leading provider of payment
processing and information management services to the U.S. commercial
and government fleet industry, has promoted Greg Strzegowski to the
position of senior vice president, corporate development. Strzegowski
was most recently vice president, international, business development
and M&A at Wright Express.
“Greg’s promotion to senior vice president of corporate development
reflects his important contributions to Wright Express as well as our
focus on diversifying our revenue base,” said Michael Dubyak, Chairman
and CEO. “Greg has been instrumental in our revenue diversification
efforts, having overseen our past three acquisitions as well as leading
the strategic development of our international business operations. We
look forward to Greg’s continued contributions as we focus on growing
our business, expanding our international operations and making
strategic acquisitions, as well as developing strategic diversification
opportunities.”
Strzegowski has more than 20 years of business experience, including the
past eight at Wright Express, where he began as the Company’s
controller. He started his career as a public accountant at Arthur
Andersen and has held various high-level financial, business development
and M&A positions at Corning Incorporated. Strzegowski is a Certified
Public Accountant and holds an MS in Accounting from Binghamton
University and a BS in Marketing and Economics from Stonehill College.
About Wright Express
Wright
Express is a leading global provider of payment processing and
information management services. Wright Express captures and combines
transaction information from its proprietary network with specialized
analytical tools and purchasing control capabilities in a suite
of solutions that enable fleets to manage their vehicles more
effectively. The Company’s charge cards are used by commercial and
government fleets to purchase fuel and maintenance services for
approximately 4.7 million vehicles. Wright Express markets its services directly
to fleets and as an outsourcing partner for its strategic
relationships and franchisees. The Company’s business portfolio
includes a MasterCard-branded
corporate card as well as TelaPoint, a provider of supply chain
software solutions for petroleum distributors and retailers, and Pacific
Pride, an independent fuel distributor franchisee network, as well as
international subsidiaries. For more information about Wright Express,
please visit www.wrightexpress.com.
This press release contains forward-looking statements, including
statements regarding: Greg Strzegowski’s contributions as the Company
focuses on growing the core business, expanding international operations
and making strategic acquisitions. These forward-looking statements
include a number of risks and uncertainties that could cause actual
results to differ materially, including: fuel price volatility; the
Company’s failure to maintain or renew key agreements; failure to expand
the Company’s technological capabilities and service offerings as
rapidly as the Company’s competitors; the actions of regulatory bodies,
including bank regulators, or possible changes in banking regulations
impacting the Company’s industrial loan bank and the Company as the
corporate parent; the uncertainties of litigation; the effects of
general economics on fueling patterns and the commercial activity of
fleets, as well as other risks and uncertainties identified in Item 1A
of the Company’s Annual Report for the year ended December 31, 2008,
filed on Form 10-K with the Securities and Exchange Commission on
February 27, 2009 and the Company’s other periodic and current reports.
The Company’s forward-looking statements and these factors do not
reflect the potential future impact of any alliance, merger, acquisition
or disposition. The forward-looking statements speak only as of the date
of this press release and undue reliance should not be placed on these
statements. The Company disclaims any obligation to update any
forward-looking statements as a result of new information, future events
or otherwise.
Source: Wright Express Corporation
Wright Express Corporation
News media contact:
Wright
Express
Jessica Roy, 207-523-6763
Jessica_Roy@wrightexpress.com
or
Investor
contact:
Wright Express
Steve Elder, 207-523-7769
Steve_Elder@wrightexpress.com