WEX revealed on May 1 that Melissa D. Smith has been appointed president and on January 1, 2014 she will become chief executive officer in addition to maintaining her role as president and assuming a seat on the Board of Directors. Michael E. Dubyak, 62, will remain chairman and chief executive officer during this transition period and will then move into the newly created role of executive chairman of the Board.
Mr. Dubyak, chairman and chief executive officer of WEX Inc., said, “Over the past few years, the Board and I have focused on developing a succession plan that enables us to drive continued growth in our business while ensuring a seamless transition of leadership. We feel fortunate to have identified what we believe is the natural successor in Melissa Smith. I have had the pleasure of working closely with Melissa for the past 16 years. During that time, she has excelled in various positions of increasing responsibility across all areas of the Company and has established a proven track record of leadership, most recently as president, The Americas. Her experience and domain expertise uniquely positions her to continue to drive the Company’s momentum forward.”
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