Corpay Management

Management criteria checks 4/4

Corpay's CEO is Ron Clarke, appointed in Aug 2000, has a tenure of 23.67 years. total yearly compensation is $3.99M, comprised of 29.5% salary and 70.5% bonuses, including company stock and options. directly owns 2.86% of the company’s shares, worth $616.89M. The average tenure of the management team and the board of directors is 5.2 years and 9.4 years respectively.

Key information

Ron Clarke

Chief executive officer

US$4.0m

Total compensation

CEO salary percentage	29.5%
CEO tenure	23.7yrs
CEO ownership	2.9%
Management average tenure	5.2yrs
Board average tenure	9.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ron Clarke's remuneration changed compared to Corpay's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$982m
Sep 30 2023	n/a	n/a	US$951m
Jun 30 2023	n/a	n/a	US$929m
Mar 31 2023	n/a	n/a	US$951m
Dec 31 2022	US$4m	US$1m	US$954m
Sep 30 2022	n/a	n/a	US$954m
Jun 30 2022	n/a	n/a	US$939m
Mar 31 2022	n/a	n/a	US$873m
Dec 31 2021	US$58m	US$1m	US$839m
Sep 30 2021	n/a	n/a	US$824m
Jun 30 2021	n/a	n/a	US$779m
Mar 31 2021	n/a	n/a	US$741m
Dec 31 2020	US$1m	US$692k	US$704m
Sep 30 2020	n/a	n/a	US$730m
Jun 30 2020	n/a	n/a	US$767m
Mar 31 2020	n/a	n/a	US$870m
Dec 31 2019	US$12m	US$1m	US$895m
Sep 30 2019	n/a	n/a	US$962m
Jun 30 2019	n/a	n/a	US$893m
Mar 31 2019	n/a	n/a	US$809m
Dec 31 2018	US$8m	US$1m	US$811m
Sep 30 2018	n/a	n/a	US$792m
Jun 30 2018	n/a	n/a	US$837m
Mar 31 2018	n/a	n/a	US$791m
Dec 31 2017	US$53m	US$1m	US$740m

Compensation vs Market: Ron's total compensation ($USD3.99M) is about average for companies of similar size in the UK market ($USD5.60M).

Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.

CEO

Ron Clarke (67 yo)

23.7yrs

Tenure

US$3,986,998

Compensation

Mr. Ronald F. Clarke, also known as Ron, has been the Chairman of Corpay, Inc. (formerly known as FLEETCOR Technologies, Inc.) since March 2003 and its Chief Executive Officer and President since August 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ronald Clarke	Chairman	23.7yrs	US$3.99m	2.86% $ 616.9m
Alissa Vickery	Chief Accounting Officer	3.6yrs	US$950.23k	0.0026% $ 553.8k
John Coughlin	Senior Advisor	4.7yrs	US$4.90m	0.0066% $ 1.4m
Armando Netto	Group President of Vehicle Payments in Brazil and North America	9.8yrs	US$4.74m	0.056% $ 12.1m
Alan King	Group President of Vehicle Payments in Europe and Australasia	7.7yrs	US$4.98m	0.027% $ 5.7m
Thomas Panther	Chief Financial Officer	less than a year	no data	0.0072% $ 1.6m
Scott Dufour	Chief Information Officer	5.2yrs	no data	no data
James Eglseder	Head of Investor Relations	6.3yrs	no data	no data
Daniel Fishbein	General Counsel	no data	no data	no data
Steve Greene	Executive Vice President of Corporate Development & Strategy	4.3yrs	no data	no data
Dan Csont	Chief Marketing Officer	3.6yrs	no data	no data
Crystal Williams	Chief Human Resources Officer	7.3yrs	no data	no data

5.2yrs

Average Tenure

54yo

Average Age

Experienced Management: 0IPN's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ronald Clarke	Chairman	24.3yrs	US$3.99m	2.86% $ 616.9m
Steven Stull	Lead Independent Director	23.5yrs	US$375.07k	0.038% $ 8.2m
Archie Jones	Independent Director	3.4yrs	US$300.07k	0.0051% $ 1.1m
Thomas Hagerty	Independent Director	9.4yrs	US$375.07k	0.013% $ 2.9m
Richard Macchia	Independent Director	13.8yrs	US$375.07k	0.021% $ 4.5m
Hala Moddelmog	Independent Director	7yrs	US$375.07k	0.010% $ 2.2m
Rahul Gupta	Independent Director	1.1yrs	no data	0.0036% $ 780.1k
Gerald Throop	Director	less than a year	no data	0.0021% $ 454.7k
Annabelle Bexiga	Independent Director	1.3yrs	no data	0.0043% $ 918.0k
Jeffrey Sloan	Independent Director	10.8yrs	US$300.07k	0.021% $ 4.6m
Joseph Farrelly	Independent Director	10yrs	US$375.07k	0.023% $ 5.0m

9.4yrs

Average Tenure

64yo

Average Age

Experienced Board: 0IPN's board of directors are considered experienced (9.4 years average tenure).

Corpay Management

Management criteria checks 4/4

Key information

Recent management updates

Corpay, Inc., Annual General Meeting, Jun 06, 2024

Corpay's Cross-Border Appoints Oliver Morris as New Head of Institutional Fund Services, EMEA

FLEETCOR Technologies, Inc. Announces Board Changes

FLEETCOR Technologies, Inc. Announces Board Changes

Insufficient new directors

FLEETCOR Technologies, Inc. Announces Chief Financial Officer Changes

Recent updates

Corpay, Inc., Annual General Meeting, Jun 06, 2024

Corpay, Inc. to Report Q1, 2024 Results on May 08, 2024

Corpay's Cross-Border Appoints Oliver Morris as New Head of Institutional Fund Services, EMEA

Full year 2023 earnings released: EPS: US$13.42 (vs US$12.62 in FY 2022)

Full year 2023 earnings released: EPS: US$13.42 (vs US$12.62 in FY 2022)

FLEETCOR Technologies, Inc. Provides Earnings Guidance for the First Quarter of 2024 and Full Year 2024

Now 21% undervalued

FLEETCOR Technologies, Inc. to Report Q4, 2023 Results on Feb 07, 2024

Fleetcor Technologies, Inc. Provides Earnings Outlook for Fiscal Year 2023

Third quarter 2023 earnings released: EPS: US$3.71 (vs US$3.34 in 3Q 2022)

FLEETCOR Technologies, Inc. (NYSE:FLT) acquired PayByPhone Technologies Inc. from Volkswagen Financial Services Aktiengesellschaft.

FLEETCOR Technologies, Inc. to Report Q3, 2023 Results on Nov 08, 2023

An unknown local investment group acquired russian business of FLEETCOR Technologies.

Second quarter 2023 earnings released: EPS: US$3.24 (vs US$3.42 in 2Q 2022)

FLEETCOR Technologies, Inc. Provides Revenue Guidance for the Third Quarter and Fiscal Year 2023

FLEETCOR Technologies, Inc. Announces Board Changes

FLEETCOR Technologies, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Now 20% undervalued

Now 20% undervalued

FLEETCOR Technologies, Inc. Closes Out Chapter in FTC Case

Now 24% undervalued

FLEETCOR Technologies Reportedly to Explore Sale of its Prepaid Card Business

FLEETCOR Technologies, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2023

First quarter 2023 earnings released: EPS: US$2.92 (vs US$2.80 in 1Q 2022)

Full year 2022 earnings released: EPS: US$12.62 (vs US$10.23 in FY 2021)

FLEETCOR Technologies, Inc. Provides Earnings Guidance for the Full Year 2023

FLEETCOR Technologies, Inc. (NYSE:FLT) acquired Mina Digital Limited.

FLEETCOR Technologies, Inc. Announces Board Changes

FLEETCOR Technologies, Inc. to Report Q4, 2022 Results on Feb 08, 2023

FLEETCOR Technologies, Inc. (NYSE:FLT) completed the acquisition of Global Reach Group Limited.

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$3.34 (vs US$2.86 in 3Q 2021)

FLEETCOR Technologies, Inc. Revises Earnings Guidance for the Year 2022

FLEETCOR Technologies, Inc. to Report Q3, 2022 Results on Nov 02, 2022

FLEETCOR Technologies, Inc. (NYSE:FLT) signed a definitive agreement to acquire Roomex Ltd.

FLEETCOR Technologies, Inc. Announces Chief Financial Officer Changes

Insider recently sold US$308k worth of stock

FLEETCOR Technologies, Inc. (NYSE:FLT) acquired PlugSurfing GmbH from Fortum Charge & Drive AS.

Insufficient new directors

FLEETCOR Technologies, Inc. Provides Earnings Guidance for the Third Quarter and Updates Earnings Guidance for the Full Year 2022

FLEETCOR Technologies, Inc. to Report Q2, 2022 Results on Aug 03, 2022

FLEETCOR Technologies, Inc. (NYSE:FLT) signed a definitive agreement to acquire the Global Reach Group Ltd.

FLEETCOR Technologies, Inc. Announces Management Changes

FLEETCOR Technologies, Inc. Announces Restructuring of Divisions

First quarter 2022 earnings released: EPS: US$2.80 (vs US$2.21 in 1Q 2021)

FLEETCOR Technologies, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2022

FLEETCOR Technologies, Inc., Annual General Meeting, Jun 09, 2022

Insufficient new directors

FLEETCOR Technologies, Inc. to Report Q1, 2022 Results on May 05, 2022

FLEETCOR Technologies, Inc. Announces Executive Changes

FLEETCOR Technologies, Inc. Updates Earnings Guidance for the Fiscal Year 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

FLEETCOR Technologies, Inc. Provides Earnings Guidance for the First Quarter of 2022

Insufficient new directors

Third quarter 2021 earnings released: EPS US$2.86 (vs US$2.26 in 3Q 2020)

FLEETCOR Technologies, Inc. Provides Earnings Guidance for the Fiscal Year 2021

Second quarter 2021 earnings released: EPS US$2.36 (vs US$1.89 in 2Q 2020)

FLEETCOR Technologies, Inc. (NYSE:FLT) completed the acquisition of Associated Foreign Exchange, Inc.

FLEETCOR Technologies, Inc. Provides Earnings Guidance for the Second Quarter of 2021

First quarter 2021 earnings released: EPS US$2.21 (vs US$1.73 in 1Q 2020)

FLEETCOR Technologies, Inc. Provides Earnings Guidance for the Fiscal Year 2021

Group President of Europe recently sold US$434k worth of stock

Full year 2020 earnings released: EPS US$8.38 (vs US$10.36 in FY 2019)

Revenue beats expectations

Full year 2020 earnings released: EPS US$8.38 (vs US$10.36 in FY 2019)

Revenue beats expectations

FLEETCOR Technologies, Inc. (NYSE:FLT) acquired Roger.ai, Inc.

FLEETCOR Technologies, Inc. to Report Q4, 2020 Results on Feb 04, 2021

FLEETCOR and TravelCenters of America Renew Comdata Payment Acceptance Agreement