FLEETCOR Technologies, Inc., a leading global business payments company, today announced the departure of its Global Chief Financial Officer (“CFO”), Charles Freund. After almost 22 years, Mr. Freund is leaving the Company to join a private equity backed software company, as CFO.
FLEETCOR’s Board of Directors has approved the appointment of Alissa Vickery, Chief Accounting Officer, as interim CFO effective upon Mr. Freund’s departure. Ms. Vickery, age 44, joined the Company in April 2011 and has served as the Company’s Chief Accounting Officer, since September 2020. Since joining FLEETCOR, Ms. Vickery has held the title of Senior Vice President of Accounting and Controls, with oversight of external reporting, technical accounting and internal audit. The Company has launched a formal search process to identify a new CFO.
“We would like to thank Charles for his many contributions over the past two decades with FLEETCOR,” said Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc. “Over the past two years, while serving as CFO, Charles has been a terrific partner to me and we wish him the very best in his new endeavor.”
“It has been a truly remarkable journey at FLEETCOR. I will be forever grateful for the opportunities I have been afforded, and I am extremely proud of the Company FLEETCOR has become. I am confident that Alissa will assume the role of interim CFO with ease as the Company completes its search for a new CFO,” said Charles Freund.
The Company currently expects third quarter 2022 results to be at least in line with the outlook provided with earnings on August 3, 2022. The Company will release its actual results for the third quarter in November.