NORCROSS, Ga.--(BUSINESS WIRE)--May 31, 2017--
FLEETCOR Technologies, Inc. (NYSE:FLT) today announced that Ashley
Thekkekara has been named head of the Company’s newly created North
America local fuel card business effective July 1, 2017. Mr. Thekkekara
is assuming the responsibility of the local fuel card business from Todd
House, who announced his intention to resign. This new position is being
established to realign the North America fuel card business into three
market facing components - local fuel cards, partners, and
trucking. David Maxsimic will continue to head the North America Partner
business and Greg Secord will continue to head the North America
trucking business, but both David and Greg will take on additional
responsibilities under the realignment.
“I would like to congratulate Ashley on his appointment. He is an
accomplished executive with proven operational expertise that has helped
lead our growth in fuel cards in North America,” said Ron Clarke,
chairman and chief executive officer of FLEETCOR Technologies, Inc.
“We’d also like to thank Todd for his many contributions for the past
eight years. Todd has recruited some terrific people, has been a big
part of our journey and he will be missed.”
“I am extremely proud of what we have accomplished over the last eight
years,” said Todd House. “I have worked closely with Ashley and have
complete confidence that the North American local fuel card business is
poised for years of growth under his leadership.”
Mr. Thekkekara joined FLEETCOR in 2009 and has most recently been in
charge of the overall STP transformation initiative. Prior to that
Ashley held the position SVP of global credit and rate management.
Before joining FLEETCOR he was VP of Marketing and Analytics at Axiant,
This press release contains forward-looking statements within the
meaning of the federal securities laws. Statements that are not
historical facts, including statements about FleetCor's beliefs,
expectations and future performance, are forward-looking statements.
Forward-looking statements can be identified by the use of words such as
"anticipate," "intend," "believe," "estimate," "plan," "seek,"
"project," "expect," "may," "will," "would," "could" or "should," the
negative of these terms or other comparable terminology. Examples of
forward-looking statements in this press release include statements
relating to the expected benefits of the reorganization of our fuel card
business and the expected growth of our North American fuel card
business. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results to differ
materially from those contained in any forward-looking statement, such
as failure to successfully reorganize our fuel card business or
otherwise achieve anticipated benefits from this reorganization and the
effects of general economic conditions, as well as the other risks and
uncertainties identified under the caption "Risk Factors" in FleetCor's
Annual Report on Form 10-K for the year ended December 31, 2016, filed
with the Securities and Exchange Commission on March 1, 2017. FleetCor
believes these forward-looking statements are reasonable; however,
forward-looking statements are not a guarantee of performance, and undue
reliance should not be placed on such statements. The forward-looking
statements included in this press release are made only as of the date
hereof, and FleetCor does not undertake, and specifically disclaims, any
obligation to update any such statements or to publicly announce the
results of any revisions to any of such statements to reflect future
events or developments.
FLEETCOR is a leading global provider of fuel cards and workforce
payment products to businesses. FLEETCOR's payment programs enable
businesses to better control employee spending and provide
card-accepting merchants with a high volume customer base that can
increase their sales and customer loyalty. FLEETCOR serves commercial
accounts in North America, Latin America, Europe, and Australia/New
Zealand. For more information, please visit www.FLEETCOR.com.
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Source: FLEETCOR Technologies, Inc.
FLEETCOR Technologies, Inc.