Atlanta, Georgia - July 30, 2007 –
FleetCor today announces Charles Freund as managing director for its newly acquired subsidiary,
The Fuelcard Company. In this position, Freund will contribute to FleetCor’s global expansion
by leading the growth of The Fuelcard Company.
This organizational move is the latest in FleetCor’s recent European business growth including
acquisitions of Keyfuels and The Fuelcard Company in the U.K. and CCS in the Czech Republic and Slovakia.
“Since its inception in 2000, FleetCor has posted consistent growth through both acquisition and organic
product and market innovation,” says Ron Clarke, FleetCor’s chairman and chief executive officer (CEO).
“Since joining the company, Charles has been a key contributor to FleetCor’s acquisition growth while
also helping us develop ideas for organic growth.
Freund accepts this new position after working for the past six years as FleetCor’s vice president of
business development. In this position Freund contributed to FleetCor’s rapid expansion by advancing
company acquisitions around the world.
“As managing director I will have the opportunity to concentrate all of my efforts on the success
of The Fuelcard Company,” says Freund. “I am excited to apply my years of experience at FleetCor
to a promising UK business with an impressive track record.”
Charles will be based in Yorkshire and report to FleetCor’s CEO of European operations, Andrew Blazye.
“We are thrilled to have Charles join the European team,” says Andrew Blazye, chief executive officer
of European operations at FleetCor. “His solid leadership skills and knowledge of the industry are
invaluable assets to this company.”
About The Fuelcard Company
The Fuelcard Company (www.fuelcards.co.uk) is one of the largest commercial fuel card resellers in
the United Kingdom, enjoying partnerships with many commercial fueling networks including: Shell,
Esso, Texaco, Keyfuels, and Routemate. The company directly serves more than 5,000 business
fleets. In May 2007, The Fuelcard Company was acquired by a FleetCor affiliate, making it part
of a global fleet card business.
About Fleetcor
FleetCor, (www.FleetCor.com), the global fleet card company, was established in 2000 in Atlanta,
Georgia. FleetCor is privately owned by a group of institutional private equity investors, including
Bain Capital, Summit Partners, and Advent International. FleetCor is the worldwide leader in fuel
card processing, serving over 500,000 business fleets and approximately three million cardholders
in the U.S.A., Europe, Canada and Latin America. FleetCor’s card programs are marketed under a
variety of brand names including: CCS, CFN, Keyfuels, FleetNet, FleetSource, FleetWide, Fuelman,
and Mannatec. FleetCor and its subsidiaries employ over 700 associates located in over 20 offices
globally.
For further information:
Emily Ward, DDB Public Relations
+1-416-963-4295,
emily.ward@can.ddbpr.com
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