Press release

WEX Elects Stephen Smith, President and CEO of L.L.Bean, to Board of Directors

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WEX Inc. (NYSE: WEX), a leading financial technology service provider, today announced that Stephen Smith has been elected to its board of directors. Mr. Smith has spent more than 25 years as a brand communications and marketing expert and is currently president and CEO of Freeport, ME-based L.L.Bean.

“We are proud to welcome Steve to the WEX Board,” WEX Board Chair and CEO Melissa Smith said. “Steve brings a proven track record of success in building customer engagement programs for globally recognized companies. Combined with his diverse international marketing and operational experience, we are confident Steve will be a great asset to our Board as we continue to build on our strong foundation for sustainable growth.”

Mr. Smith has served as president and CEO of L.L.Bean since January of 2016. Prior to L.L.Bean, Mr. Smith led several brand and marketing transformations as well as operational divisions within Walmart’s international subsidiaries in China and the United Kingdom. This included developing long-range strategies, creating and evolving multi-channel marketing communications, improving operational efficiencies and building strong internal partnerships to improve business processes and results. Additionally, he spent nearly 10 years with the Delhaize Group, where he held a number of management positions, including marketing director for Hannaford Brothers Co.; senior vice president of merchandising for Sweetbay Supermarket; senior vice president of strategy and marketing communications for Delhaize Le Lion in Belgium; and executive vice president of brand strategy, marketing and merchandising for Food Lion. He holds a B.A. in art history from Dickinson College.

About WEX

Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through approximately 4,900 associates around the world. WEX fleet cards offer approximately 14 million vehicles exceptional payment security and control; our travel and corporate solutions business processes over $35 billion of purchase volume annually; and the WEX Health financial technology platform helps 343,000 employers and more than 28 million consumers better manage healthcare expenses. For more information, visit