B2B Payments

Fleetcor Appoints Exec To New Fuel Card Leadership Role

Fuel card company FLEETCOR has a new leadership position, and the news was announced Monday (June 19) that the company appointed Steve Greene to the role.

Greene will be promoted to president of Global Fuel Cards, FLEETCOR said, a role to promote the growth of the company’s gas card product line, which work like credit cards in that they store money in order to pay for corporate goods.

“In his new role, Steve will codify best practices to standardize the company’s fuel card marketing, sales and operational processes, as well as merchant relations, across regions,” the company said in its release, adding that Greene will also work with a team of product and planning specialists to focus on growth and product innovation for FLEETCOR’s line of gas card products.

“Steve has proven himself to be an exceptional leader, and I am confident he will excel in this role as we look to drive global fuel card growth,” said Chief Executive Officer and Chairman Ron Clarke, to which Greene will report. “I look forward to working closely with Steve in this new position.”

Greene has been with FLEETCOR since 2009 when he joined as vice president for Corporate Development. The company said Greene has focused on global expansion of the company via strategic acquisitions. In 2014 Greene was then named managing director for Epyx, a service and repair company acquired by FLEETCOR in 2013.

In a more recent deal, FLEETCOR announced earlier this year that it reached a deal to acquire Cambridge Global Payments for $675 million. Last year the company revealed plans to acquire Travelcard Nederland in an effort to strengthen its European presence.



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.

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