NORCROSS, Ga.--(BUSINESS WIRE)--Jun. 12, 2012--
FleetCor Technologies, Inc. (NYSE: FLT) today announced that CEO and
founder, Ron Clarke, received the Ernst & Young Entrepreneur of the
Year® Award for the Alabama, Georgia and Tennessee region during a gala
at the Intercontinental Hotel in Atlanta, Georgia on June 7th.
This prestigious award recognizes outstanding entrepreneurs who
demonstrate excellence and extraordinary success in such areas as
innovation, financial performance and personal commitment to their
businesses and communities. He was selected for the award by an
independent panel of judges consisting of previous award winners, CEOs,
private capital investors and other business leaders.
Now in its 26th year, the Entrepreneur of the Year Program
has expanded to recognize business leaders in more than 140 cities in
more than 50 countries throughout the world.
Founded in 2000, FleetCor has grown significantly through a combination
of product and service innovation and over 40 acquisitions of businesses
and commercial account portfolios. Revenue has grown from $30.7 million
in 2001 to $519.6 in 2011, representing a compound annual growth rate of
33%. In 2011, FleetCor generated 33% of its revenue from international
operations, compared to none in 2000. In 2009, 2010 and 2011, FleetCor
generated operating income of $146.0 million, $170.5 million, and $226.3
million, respectively. FleetCor went public through an initial public
offering in 2010 under Mr. Clarke’s leadership and is traded on the New
York Stock Exchange under the symbol FLT.
“We are delighted to receive this kind of recognition from a first class
organization like E&Y. Because business is a “team sport”, I accept this
award on behalf of all our FleetCor associates,” said Ron Clarke.
Ron is now eligible for the Ernst & Young National Entrepreneur of the
Year Award, which will be announced at the annual awards gala in Palm
Springs, California, on November 17, 2012. The awards are the
culminating event of the Ernst & Young Strategic Growth Forum, the
nation’s most prestigious gathering of high-growth, market-leading
About Ernst & Young Entrepreneur of the Year
Ernst & Young Entrepreneur of the Year is the world's most prestigious
business award for entrepreneurs. The unique award makes a difference
through the way it encourages entrepreneurial activity among those with
potential, and recognizes the contribution of people who inspire others
with their vision, leadership and achievement. As the first and only
truly global award of its kind, Entrepreneur of the Year celebrates
those who are building and leading successful, growing and dynamic
businesses, recognizing them through regional, national and global
awards programs in more than 140 cities in more than 50 countries.
FleetCor is a leading global provider of fuel cards and workforce
payment products to businesses. FleetCor’s payment programs enable
businesses to better control employee spending and provide
card-accepting merchants with a high volume customer base that can
increase their sales and customer loyalty. FleetCor serves commercial
accounts in North America, Latin America and Europe. For more
information, please visit www.fleetcor.com.
Source: FleetCor Technologies, Inc.