WEX News & Events

TFS Financial announced the launch of "Equipment Financing Powered by TFS," a new program developed specifically for WEX. The program will provide WEX Over-the-Road customers with access to equipment financing directly through TFS, one of North America's most innovative and fast-growing independent financial solutions providers. The program is designed to help trucking and transportation businesses secure the capital they need to accelerate growth via a more straightforward process than traditional bank loans. TFS Financial's Multi-Lender Platform utilizes the company's proprietary Match Engine Technology to connect borrowers with optimal financing providers based on credit, desired asset, term, and other factors. The result is support for a broad range of credit profiles and a process that is significantly faster and easier than traditional bank lending.

Wex announced that its Board of Directors has authorized a new share repurchase program under which up to $1B, plus any transaction expenses and excise taxes incurred, worth of Wexs common stock may be repurchased.

WEX "announced that its Board of Directors (the "Board") has appointed independent director David Foss as Chair of the Board, effective immediately. The appointment reflects the Board's previously announced plan to separate the roles of Chair and Chief Executive Officer. Melissa Smith will continue to serve as Chief Executive Officer, President, and a member of the Board."