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Updated: June 7, 2024

As chief legal officer retires, WEX names successor

Sara Trickett and Hilary Rapkin of WEX Inc. Photo / Courtesy, WEX Inc. Sara Trickett, left, was promoted to chief legal officer and corporate secretary of WEX, effective June 4, 2024. She succeeds Hilary Rapkin, who is retiring but will remain with the company as an executive advisor until next March.

WEX Inc. (NYSE: WEX), the Portland-based financial technology provider, has promoted its acting general counsel and assistant corporate secretary, Sara Trickett, to chief legal officer and corporate secretary.

Trickett succeeds Hilary Rapkin, who is retiring from the role but will remain with the company as an executive advisor through next March to help with the transition.

“I am pleased that Sara has been named as WEX’s next chief legal officer and look forward to partnering with her as she takes on this new role,” said CEO Melissa Smith. “I am confident Sara is the right leader for WEX’s legal department as we continue to execute against our strategic priorities and deliver value for our customers and stockholders.”

Trickett, who will report to Smith, joined WEX in 2021 and has served in various leadership roles, including deputy general counsel and vice president, corporate legal services. She has served as acting general counsel and assistant corporate secretary for the past several months, according to Smith.

Before joining WEX in 2021, Trickett held senior legal roles at Visa and at Latham & Watkins. She is a graduate of Duke University School of Law in Durham, N.C., and Georgetown University in Washington, D.C., earning a bachelor's degree in science, technology and international affairs.

Rapkin has been with WEX since 1996, holding several senior leadership roles and serving as the executive sponsor of the "Women of WEX" employee resource group.

The company provides financial technology and services to businesses in the areas of fleet mobility and fueling, corporate payments, travel industry payments and employee and member benefits.

In April, WEX posted first-quarter earnings and revenues that fell short of market expectations but raised its full-year financial outlook. In its earnings announcement, the company said that negative fuel price spreads in Europe offset the revenue benefit from higher-than-expected domestic fuel prices.

As of Thursday's close on Wall Street, WEX shares have a market value of around $7.62 billion, little changed from a year ago.

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