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Card provider WEX reaches deal with activist investor; CEO Smith to stay
Yahoo Finance· 2026-05-05 06:11
The proxy battle at payments company and fuel card provider WEX is over, with the company bringing on board members backed by investor activist Impactive Capital. CEO Melissa Smith will stay in her role, according to a statement released by WEX (NYSE: WEX). But she will no longer be board chair. Smith also will stay on the board and also continue to be president. While Impactful pushed for the addition of outside directors and a change in the role of chair, it did not specifically call for Smith to be o ...