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Wright Express Announces Executive Promotions and Organizational Changes

November 6, 2007

SOUTH PORTLAND, ME – Wright Express Corporation today announced promotions and changes in the Company's senior management organization intended to accelerate execution of its growth strategy.

Reflecting the company's growth and continued expansion in the corporate payment processing and information management services market, Wright Express has promoted two members of its senior management team to newly created executive vice president positions:

  • David D. Maxsimic, senior vice president, sales and marketing, has been promoted to executive vice president, sales and marketing. Maxsimic will continue to lead the company's fleet and Master Card sales, marketing, and product operations, while adding responsibility for strategic initiatives and new operations, including TelaPoint, which was acquired earlier this year.

  • Melissa D. Smith, senior vice president, finance, and chief financial officer, has been promoted to CFO, and executive vice president, finance and operations. Smith will continue to oversee the company's finance activities, including its Utah-based industrial bank operation, while adding responsibility in other functional areas, including information technology and client services operations.

    "David and Melissa are outstanding leaders who have made significant contributions to our growth over the years," said Dubyak. "Their promotions to these important new positions reflect the confidence that our Board of Directors and I have in their capabilities and their dedication to our future success."

    The company also announced that George W. Hogan has been promoted to senior vice president and chief information officer reporting to Smith. Hogan joined Wright Express in 2007 as vice president of enterprise architecture. He previously was vice president, commercial loyalty and back office application development at Visa USA/Inovant, where he was responsible for all software development across the Visa Commercial/Corporate, Loyalty and Back Office business lines. Hogan replaces Tod A. Demeter, who will be leaving the company.

    "Tod has been a valued member of our team, and we wish him well in his future endeavors," said Dubyak. "George Hogan brings us strong leadership skills and extensive experience in both the technology and the credit card industries. Our entire organization looks forward to benefiting from George's expertise as we pursue increasingly customer-driven market opportunities that will drive our future growth."

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