PORTLAND, Maine--(BUSINESS WIRE)--Sep 10, 2019--

WEX (NYSE: WEX), a leading financial technology service provider, today announced it has appointed Robert Deshaies as president of its Health division, effective immediately. Deshaies is succeeding Jeff Young, who has decided to step down to pursue other opportunities following a brief transition period.

“Robert has proven to be a key contributor to WEX’s leadership and the growth of our health business since he joined us more than five years ago,” said Melissa Smith, president and chief executive officer of WEX. “His deep knowledge of our company, the healthcare marketplace and our customers combined with a proven track record of delivering results make him the ideal successor to lead WEX’s Health Division through its next phase of growth. I have confidence in his ability to execute against our strategy including capitalizing on market growth opportunities, extending our technology leadership, and expanding the best partner ecosystem in the industry.”

Deshaies joined WEX in 2014 as part of the acquisition of Evolution1, and has since served as executive vice president in WEX’s Health Division. In this role he accelerated the growth and expanded the presence of the Health business, one of the largest Cloud (SaaS) and Mobile healthcare solution platforms in the U.S. Prior to joining WEX, Deshaies spent two years at Evolution1 where he had extensive executive leadership experience across multiple business functions and departments.

Deshaies also served as global executive vice president and GM of vertical and specialty solutions at Sage, where he led multi-hundred million-dollar business units. Deshaies previously served as vice president of the North American Partner group at Microsoft, where he led several P&Ls delivering $12.5 billion in revenue and industry-leading margins.

“Jeff has been instrumental in establishing WEX as a leader in the healthcare space. We have benefited tremendously from his knowledge and leadership during his tenure, and appreciate Jeff’s commitment to remain with WEX during the transition period. On behalf of the Board of Directors and WEX employees, I want to thank him for his contributions, and wish him well in all his future endeavors,” said Smith.

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 more than 4,900 associates around the world. WEX fleet cards offer 13.1 million vehicles exceptional payment security and control; purchase volume in its travel and corporate solutions grew to $34.7 billion in 2018; 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 www.wexinc.com.

CONTACT: WEX

Rob Gould, 207-523-7429

KEYWORD: UNITED STATES NORTH AMERICA MAINE

INDUSTRY KEYWORD: NETWORKS FINANCE DATA MANAGEMENT TECHNOLOGY PROFESSIONAL SERVICES OTHER TECHNOLOGY

SOURCE: WEX

Copyright Business Wire 2019.

PUB: 09/10/2019 04:15 PM/DISC: 09/10/2019 04:15 PM

Copyright Business Wire 2019.

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