WEX Board Refresh: New Directors, Stock Surge

WEX, a payments firm, has agreed to add three new outside directors to its board following a proxy battle with activist investor Impactive Capital. The new board members include Kurt Adams, Ellen Alemany, and Lauren Taylor Wolfe. CEO Melissa Smith will step down as chair but remain on the board. The changes come after Impactive Capital criticized WEXs lagging stock performance and Smiths pay. The shareholder meeting is set for May fourteenth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5be36eb22f5cebae

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