Michael Dubyak, president and chief executive officer of Wright Express Corporation (NYSE: WXS) and current director, has been appointed to the additional position of chairman. Rowland Moriarty has stepped down as non-executive chairman and has been appointed to the newly established roles of vice chairman and lead director.
Both Moriarty and Dubyak were re-elected to new three-year terms as directors at the Company’s 2008 annual meeting of shareholders on May 16, 2008.
“Wright Express is a company with a rich heritage of customer service and an outstanding team of associates, and I am honored to have the opportunity to participate in its continued growth as vice chairman and lead director,” said Moriarty. “I also am pleased that Mike Dubyak has accepted the position of chairman. As president and CEO since 1998, Mike’s contributions have been crucial to the Company’s success. I believe his strategic vision, leadership abilities and deep industry knowledge will serve Wright Express well as he takes on his new responsibilities.”
“Row Moriarty has provided Wright Express with experience and wise counsel, and we look forward to continuing to benefit from his guidance,” said Dubyak. “I am eagerly anticipating the challenges of following in Row’s footsteps as the Company’s chairman, and I extend sincere thanks to my fellow shareholders and board members for their continued support.”
About Wright Express
Wright Express is a leading provider of payment processing and information management services to the U.S. commercial and government vehicle fleet industry. Wright Express provides these services for approximately 300,000 commercial and government fleets containing 4.5 million vehicles. The Company markets its payment processing services directly and is an outsourcing provider for more than 125 strategic relationships and more than 300 franchisees, and offers a MasterCard-branded corporate card. The Company employs more than 700 people and maintains its headquarters in South Portland, Maine. For more information about Wright Express, please visit wrightexpress.com.
Contacts:
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
