Joel Dearborn - Wex President - Corporate Payments

WEX Stock  USD 187.56  14.05  8.10%   

President

Mr. Joel A. Dearborn serves as President Corporationrationrate Payments of the Company. He joined WEX in January 2016 as Vice President, Strategy and brings over 15 years of experience of driving strategic growth, marketing and operational performance improvement. Mr. Dearborn served as Vice President, Strategy from January 2016 until December 2017. Since December 2017, Mr. Dearborn has served as WEX President for corporate payments, and is responsible for WEXs virtual card and other payments solutions. Prior to joining WEX, he was a principal at McKinsey Company, a management consulting firm, from January 2008 to January 2016, where he helped private and public organizations set their strategic direction, including technology deployment and process redesign to support longterm growth. since 2017.
Age 45
Tenure 7 years
Address 1 Hancock Street, Portland, ME, United States, 04101
Phone207 773 8171
Webhttps://www.wexinc.com

Wex Management Efficiency

The company has Return on Asset of 0.0316 % which means that on every $100 spent on assets, it made $0.0316 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.196 %, implying that it generated $0.196 on every 100 dollars invested. Wex's management efficiency ratios could be used to measure how well Wex manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Wex's Return On Tangible Assets are fairly stable compared to the past year. Return On Capital Employed is likely to rise to 0.14 in 2024, whereas Return On Assets are likely to drop 0.02 in 2024. At this time, Wex's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 5.2 B in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 62.9 M in 2024.
Wex Inc has 3.95 B in debt with debt to equity (D/E) ratio of 1.84, which is OK given its current industry classification. Wex Inc has a current ratio of 1.1, demonstrating that it may not have the ability to pay its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Wex to invest in growth at high rates of return.

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WEX Inc. provides financial technology services in the United States and internationally. WEX Inc. was founded in 1983 and is based in Portland, Maine. Wex operates under SoftwareInfrastructure classification in the United States and is traded on New York Stock Exchange. It employs 5600 people. Wex Inc (WEX) is traded on New York Stock Exchange in USA. It is located in 1 Hancock Street, Portland, ME, United States, 04101 and employs 7,200 people. Wex is listed under Data Processing & Outsourced Services category by Fama And French industry classification.

Management Performance

Wex Inc Leadership Team

Elected by the shareholders, the Wex's board of directors comprises two types of representatives: Wex inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wex. The board's role is to monitor Wex's management team and ensure that shareholders' interests are well served. Wex's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Wex's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bhavana Bartholf, Director
Melanie Tinto, Chief Human Resource Officer
David Cooper, Senior Vice President, Chief Technology Officer
Jennifer Kimball, Interim Chief Financial Officer, Chief Accounting Officer
Daniel Callahan, Independent Director
John Bachman, Independent Director
Jagtar Narula, Chief Officer
Sara Trickett, Chief VP
Nancy Altobello, Director
Nicola Morris, Chief Corporate Development Officer
Ann JD, Chief Officer
Jim Groch, Director
Hilary Esq, Chief Secretary
Shikhar Ghosh, Independent Director
Susan Sobbott, Independent Director
James Neary, Independent Director
Karen Stroup, Chief Officer
Jack VanWoerkom, Lead Independent Vice Chairman of the Board
James Groch, Independent Director
Regina Sommer, Independent Director
Joel Dearborn, President - Corporate Payments
Kenneth Janosick, Senior Vice President - Small Business Solutions
Robert Deshaies, President - Health division
Ann Drew, Chief Risk and Compliance Officer
Derrick Roman, Director
Stephen Smith, Independent Director
Sachin Dhawan, Chief Officer
Melissa Smith, Chairman of the Board, President, Chief Executive Officer
Scott Phillips, Senior Vice President and General Manager, EFS
Steven Elder, Senior Relations
Roberto Simon, Chief Financial Officer
Hilary Rapkin, Senior Vice President General Counsel, Corporate Secretary

Wex Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Wex a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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