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    Corpay Inc (CPAY)

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    Corpay, Inc. is a global corporate payments company that helps businesses and consumers manage and pay their expenses more efficiently. The company offers a comprehensive suite of payment solutions designed to streamline various financial transactions. Corpay sells digital payment solutions that enhance control, visibility, and security over spending activities.

    1. Vehicle Payments - Provides solutions for managing vehicle-related expenses such as fueling, tolls, car registrations, and parking, offering greater control and visibility over employee spending compared to traditional payment methods.
    2. Corporate Payments - Simplifies and automates vendor payments, streamlining back-office operations with accounts payable automation, virtual cards, cross-border payments, and purchasing and travel and entertainment cards.
    3. Lodging Payments - Manages travel-related lodging expenses, including hotel and extended stay bookings, and caters to lodging needs for disrupted passengers in the airline industry.
    4. Other Payment Solutions - Offers gift and payroll cards, fleet maintenance, employee benefits, and long-haul transportation-related services.
    NamePositionExternal RolesShort Bio

    Ronald F. Clarke

    ExecutiveBoard

    Chief Executive Officer

    Ronald F. Clarke has served as the Chief Executive Officer of Corpay, Inc. since August 2000 and was appointed Chairman of the Board in March 2003. Previously, he held executive roles at AHL Services, Inc., ADP, Booz Allen Hamilton, and General Electric.

    View Report →

    Alan King

    Executive

    Group President—International Vehicle Payments

    Alan King is a seasoned executive who currently serves as Group President—International Vehicle Payments at CPAY since December 2023. Previously, he led CPAY’s Global Fleet and Europe, Australia, and New Zealand Fuel operations, building on an extensive background in payments and financial services from roles at Mastercard, VISA, and Citibank.

    Alissa B. Vickery

    Executive

    Chief Accounting Officer

    Alissa B. Vickery has been CPAY's Chief Accounting Officer since September 2020 , and she previously served as interim CFO from October 2022 to May 2023. She also held the position of Senior Vice President of Accounting and Controls at CPAY and has extensive financial leadership experience from her prior roles at Worldpay and in public accounting.

    Armando L. Netto

    Executive

    Group President—Brazil and U.S. Vehicle Payments

    Armando L. Netto serves as Group President—Brazil and U.S. Vehicle Payments at CPAY since December 2023. He previously held the role of Group President—Brazil from June 2014 and has gained extensive leadership experience from his work at TIVIT, Unisys, and McKinsey.

    Annabelle G. Bexiga

    Board

    Director

    Board Member at Triton International Limited; Board Member at StoneX Group Inc.; Board Member at DWS Group GmbH & Co. KGaA; Board Member at Quantexa Ltd.

    Annabelle G. Bexiga is a Director at CPAY since January 27, 2023. With extensive leadership in technology and financial services, she previously served as Chief Information Officer at AIG from 2015 to 2017 and at TIAA from 2010 to 2015, along with leadership roles at Bain Capital and JP Morgan Chase.

    Archie L. Jones

    Board

    Director

    Managing Director of Six Pillars Partners; Professor at Harvard Business School; Board member of Project Evident

    Archie L. Jones, Jr. is a Director at CPAY since 2020, bringing extensive expertise in investment, corporate finance, and mergers and acquisitions. He has previously held executive roles—including Managing Director at Six Pillars Partners, Professor at Harvard Business School, and board member of Project Evident—demonstrating a diverse background across multiple industries.

    Gerald C. Throop

    Board

    Director

    Lead Independent Director and Audit Committee Chair at Ceridian (NYSE: DAY)

    Gerald C. Throop serves as a Director on the Board of Directors of CPAY since July 28, 2023. He brings over 30 years of financial services experience, having held significant roles in global equities and corporate finance, and he serves as a Member of the Audit Committee.

    Hala G. Moddelmog

    Board

    Director at CPAY

    Board member at Lamb Weston Holdings, Inc.

    Hala G. Moddelmog has served as a Director at CPAY since 2017 and actively participates in key committees such as the Compensation and Nomination & Governance Committees. She brings extensive leadership experience from previous executive and board roles, including CEO positions at other organizations.

    Jeffrey S. Sloan

    Board

    director

    Jeffrey S. Sloan has been a director at CPAY since 2013 and serves on the Executive & Acquisitions Committee as well as the Information Technology & Security Committee, bringing over 30 years of experience in the financial services and payments industries.

    Joseph W. Farrelly

    Board

    Director

    NetNumber Inc.

    Joseph W. Farrelly has been a Director at CPAY since 2014. He brings extensive experience in IT, security, advertising, and marketing from his previous roles at Interpublic Group and other organizations. He also serves on multiple committees at CPAY, including the Compensation Committee and the Executive & Acquisitions Committee as Chair.

    Rahul Gupta

    Board

    Director

    Mitek Systems; SavvyMoney; Amount, Inc.; Exact Payments; Capital Good Fund

    Rahul Gupta, with over 37 years of experience in financial services and payments, is currently serving as a Director at CPAY since March 2023. Previously, he held executive roles at RevSpring, Fiserv, and eFunds and has served on several external boards.

    Richard Macchia

    Board

    Director

    Richard Macchia has been a Director at CPAY since 2010 and serves as the Chair of the Audit Committee with recognition as a Financial Expert. He brings over 20 years of financial and information services experience from previous roles such as CFO and Senior VP of Administration at Internet Security Systems Inc..

    Steven T. Stull

    Board

    Director, Lead Independent Director

    CEO and Co-Founder of Advantage Capital Partners

    Steven T. Stull has been a Director at CPAY since 2000 and has served as the Lead Independent Director since 2020. He brings extensive experience in investments and corporate governance, and he is also the CEO and Co-Founder of Advantage Capital Partners.

    Thomas M. Hagerty

    Board

    Director

    Managing Director at Thomas H. Lee Partners, L.P. ; Board member at Black Knight, Inc. ; Board member at Ceridian HCM Holding Inc. ; Board member at Fidelity National Financial, Inc. ; Board member at Dun & Bradstreet Holdings, Inc. ; Board member at Dayforce, Inc.

    Thomas M. Hagerty has served as Director at CPAY since 2014. He is a member and Chair of several CPAY committees and brings over 30 years of expertise in private equity and corporate governance, including serving as Managing Director at Thomas H. Lee Partners, L.P. since 1994.

    Program DetailsProgram 1Program 2
    Approval DateJanuary 25, 2024 November 5, 2024
    End Date/DurationFebruary 4, 2026 February 4, 2026
    Total Additional Amount$1.0 billion $1.0 billion
    Remaining Authorization$0.3 billion $1.0 billion
    DetailsReinvest in business and return cash to shareholders Reinvest in business and return cash to shareholders

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Competes with the company's fuel solutions offerings.

    U.S. Bank Voyager Fleet Systems

    Competes with the company's fuel solutions offerings.

    Edenred

    Competes with the company's fuel solutions and toll solutions offerings.

    Sodexo

    Competes with the company's fuel solutions offerings.

    Alelo

    Competes with the company's fuel solutions and toll solutions offerings.

    Radius Payment Solutions

    Competes with the company's fuel solutions offerings.

    DKV

    Competes with the company's fuel solutions offerings.

    ConectCar

    Competes with the company's toll solutions offerings.

    Veloe

    Competes with the company's toll solutions offerings.

    Repom

    Competes with the company's toll solutions offerings.

    ParkMobile

    Competes with the company's parking solutions offerings.

    ParkHub

    Competes with the company's parking solutions offerings.

    Parking BOXX

    Competes with the company's parking solutions offerings.

    FLASH

    Competes with the company's parking solutions offerings.

    Competes with the company's corporate payments solutions offerings.

    Coupa

    Competes with the company's corporate payments solutions offerings.

    AvidXchange

    Competes with the company's corporate payments solutions offerings.

    Competes with the company's corporate payments solutions offerings.

    Convera

    Competes with the company's corporate payments solutions offerings.

    American Express Global Business Travel

    Competes with the company's lodging solutions offerings.

    Competes with the company's gift and payroll card solutions offerings.

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Gringo

    2025

    Signed in February 2025, the acquisition agreement for Gringo was for approximately $147.0 million, net of $22 million cash; it is strategically designed to strengthen the Vehicle Payments segment in Brazil by leveraging its digital app serving 2.5 million monthly users and is expected to add +3% revenue growth, subject to regulatory approval.

    Paymerang

    2024

    Closed on July 1, 2024, this acquisition was valued at approximately $469 million, net of cash; it expands the company’s reach in multiple sectors such as education, healthcare, hospitality, and manufacturing, with expected incremental revenue of $25–$35 million in the remaining months of 2024.

    GPS Capital Markets, LLC

    2024

    Agreed in June 2024 for roughly $725 million, this strategic acquisition adds B2B cross-border and treasury management capabilities, including a blue‐chip client roster and market-leading FX netting technology, with expected accretion to revenue and EPS growth in 2025, subject to a regulatory closing in early 2025.

    Zapay

    2024

    Completed in March 2024, the company acquired a 70% stake in Zapay for about $59.5 million (net of cash) with a right to acquire the remaining stake in four years; this deal expands its Vehicle Payments business in Brazil, with preliminary accounting allocations including $18.6 million in customer relationship intangibles.

    PayByPhone

    2023

    Finalized on September 15, 2023, the acquisition of PayByPhone cost approximately $303.2 million (net of cash) and brought a leading digital parking provider with 35 million registered users and 6 million monthly active users into the Fleet segment, supporting broader EV initiatives and cross-selling strategies.

    Plugsurfing

    2022

    Closed on September 6, 2022 for around $75.8 million, this acquisition of a European EV charging network and software provider has significantly broadened the company’s EV strategy by integrating critical EV assets and expanding access to the consumer EV market.

    Levarti

    2022

    Completed on March 1, 2022 with a net purchase price of $23.7 million, the acquisition of Levarti was financed with cash and borrowings and includes detailed preliminary allocations to goodwill and intangibles, with its results reported in the Lodging segment.

    Recent press releases and 8-K filings for CPAY.

    Corpay, Inc. Appoints Interim CFO Following CFO Resignation
    CPAY
    CFO Change
    Management Change
    • Tom Panther resigned as CFO effective March 15, 2025, prompting the company to commence the search for a permanent replacement.
    • Alissa Vickery was appointed as interim CFO effective March 17, 2025; she has prior experience in this role, having served from September 2022 to May 2023.
    • The report also includes the required financial statements and exhibits as part of the SEC Form 8-K filing.
    Mar 17, 2025, 12:00 AM