WEX names Revlon executive as its next CFO
South Portland-based WEX Inc. will appoint a new chief financial officer and move its current CFO, Steve Elder, to the newly created position of senior vice president of investor relations.
WEX (NYSE: WEX) said Thursday that Roberto Simon will be appointed CFO on or about Feb. 26. Simon most recently served as executive vice president and chief financial officer for the cosmetics company Revlon Inc.
"I am very pleased and look forward to joining WEX at such a dynamic time, and am excited to work closely with WEX’s talented executive leadership team to help the company achieve its next stage of growth," Simon said in a statement.
WEX President and CEO Melissa Smith said Simon’s business acumen, international experience and track record of supporting growth organically and through mergers and acquisitions position him well to help advance WEX’s strategic priorities.
“I am confident that he will prove to be a valuable business partner and a great addition to our team,” she said in a statement.
The announcement comes less than a month after two major acquisitions by WEX.
The corporate payment company said last month that it had reached an agreement to acquire a fleet card provider, Electronic Funds Source LLC, for about $1.1 billion in cash plus stock, its largest acquisition to date. That was less than two weeks after it announced it had reached an agreement to acquire Benaissance, a health care billing software firm in Nebraska, for $80 million.
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