Courtesy / 3D Systems
Jagtar Narula
April 26, 2022
WEX names new CFO on eve of Q1 report
File photo / Courtesy, WEX
WEX Inc. is a global financial technology service provider headquartered in Portland.
WEX Inc. (NYSE: WEX), the Portland-based financial technology service provider, on Tuesday announced that Jagtar Narula will be its next chief financial officer, starting May 25.
Narula is currently CFO of 3D Systems Corp. (NYSE: DDD), a 3D-printing technology developer in Rock Hill, S.C. His appointment to fill the opening at WEX comes two days before the company is due to release its first-quarter financial results.
“Jagtar has proven strategic and financial experience leading innovative technology companies,” said Melissa Smith, the company's chair and CEO, in a statement Tuesday morning.
“His strong track record of successfully executing and integrating acquisitions, driving thoughtful growth through effective capital allocation, and building strong finance organizations in technology companies complements our existing leadership team and positions us well for continued profitable growth.”
Prior to joining 3D Systems in August 2020, Narula oversaw corporate strategy and business development for Blackbaud Inc., a provider of cloud software and payment solutions. There, he previously led investor relations, financial planning, and investment strategy.
Narula has also held several finance leadership roles at Xerox, including financial planning, acquisition operations and strategy. Prior to Xerox, he spent nearly a decade in investment banking and private equity, after beginning his professional career as an engineer.
He holds an MBA from the University of Pennsylvania's Wharton School and an engineering degree from the State University of New York at Buffalo.
“WEX has an outstanding history of innovating for customers and developing exciting new technologies, while remaining disciplined on financial targets,” said Narula. “I am thrilled to join WEX and build upon the company’s already strong momentum.”
With Narula’s appointment, interim CFO Jennifer Kimball will return full-time to her role as chief accounting officer, while helping with Narula’s transition over the coming months. Kimball has served as interim CFO since Roberto Simon stepped down at the end of 2021.
In early trading Tuesday, WEX shares were down 0.79%, to $166.02. WEX has a current market capitalization of around $7.5 billion.
Most Recent
Most Recent
0 Comments