WEX Named to Newsweek’s America’s Greatest Workplaces for Diversity, Women in 2024

WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, has been named as one of America’s Greatest Workplaces for Diversity and America’s Greatest Workplaces for Women for 2024 by Newsweek and Plant-A Insights Group. These Newsweek awards signal external recognition of the efforts WEX is making toward its 2025 business aspirations to aspire to gender parity in leadership roles and to increase employees of color in U.S. leadership roles to be more representative of national demographics and the customers and partners WEX serves.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240402416488/en/

WEX was named one of America’s Greatest Workplaces for Women in 2024 by Newsweek and Plant-A Insights Group. (Graphic: Business Wire)

“Diverse representation in leadership and pay parity, ensuring that equal talent has equal opportunity, and supporting the advancement of women and employees of color in leadership, are key for WEX,” said Melissa Smith, WEX Chair, Chief Executive Officer, and President. “These metrics illustrate our strong belief that the more diversity of thought and experience we cultivate at WEX, the stronger and more successful we are as a company.”

Diversity and Leadership Representation at WEX

U.S. Department of Labor research from 2023 indicated the country’s gender-based wage gap remained nearly unchanged over the past decade, finding that women who were working full-time last year made 83.7 percent of what men made. That is equivalent to an approximate difference of $10,000 annually.

The WEX Board of Directors has set 2025 business aspirations for the company, which are to aspire to gender parity in leadership roles and to increase employees of color in the U.S. in leadership roles to be more representative of national demographics and the customers and partners WEX serves. Furthermore, the Board of Directors monitors pay parity.

WEX has maintained global gender pay parity for comparable roles as of 2022. Additionally, as of the company’s last reported metrics for 2023:

• 53 percent of WEX’s total global workforce identifies as female, as do
• 55 percent of the company’s executive officers, and
• 42 percent of its board of directors.

People of color represented approximately:

• 23 percent of WEX’s workforce in the U.S.,
• 20 percent of its U.S. executive officers, and
• 17 percent of the company’s board of directors.

Additionally, during 2023, WEX’s global female representation in leadership roles was approximately 45 percent and U.S. employees of color representation in leadership roles was approximately 14 percent.