FleetCor Appoints Its Chief Marketing Officer to Head New Division
New Division, FleetSource, Will Unveil Innovative New Products and Services Customized to Independent Petroleum Marketers

Atlanta, GA - March 28, 2006 - Today, FleetCor, a leading provider of commercial fleet card issuing and processing services, appointed Benton Routh as President of FleetSource, a new company division dedicated to delivering industry-leading products and services to independent petroleum marketers.

In addition to FleetCor's current Mannetec, CFN, and FleetNet service offerings, FleetSource will be delivering new fleet card programs which will make it simpler for a marketer to deliver world-class fuel card programs to its commercial fleet customers. At the same time, FleetCor's CFN division, under Bob Philips, will continue to roll out its well-received FleetWide, which offers marketers the opportunity to issue their customers fleet cards that are accepted in both CFN and Fuelman commercial fueling networks.

"We see incredible opportunity to better serve petroleum marketers. The new FleetSource division will be a major driver of innovation in this industry segment," said Ron Clarke, FleetCor's Chairman and CEO. "FleetSource will serve the independent petroleum marketers with a set of services that are currently only available to major oil companies."

Routh, a 15-year veteran of the oil and credit card industry will transition from his current Chief Marketing Officer position at FleetCor into this new role as President of FleetSource. "Since joining FleetCor a year and a half ago, Benton has played an important role in helping FleetCor more than double its revenue, and maintain its market leadership," explained Clarke. "His vision for growth through innovation will ensure FleetSource adds to FleetCor's track record of growth in the petroleum market's fleet card industry." Prior to joining FleetCor, Benton was the Global Manager of the Commercial Vehicles and Card Business at Exxon Mobil Fuels Marketing Company.

"As we start up this division, we'll leverage FleetCor technologies, and our learnings from important Mannatec, CFN, and FleetNet customer and marketplace relationships," said Routh. He believes the fleet card business geared towards independent petroleum marketers has strong growth potential. "FleetSource will drive the development of new products to meet industry needs that are currently under-served," added Routh.

This new division signals FleetCor's commitment to continued growth with new products and new channels of distribution. "We are developing a number of very exciting ideas and initiatives to keep our growth going " it's an exciting time," said Clarke.

Consistent with FleetCor's evolution to embedding growth-oriented initiatives into its business units, most marketing functions formerly led by Benton Routh as Chief Marketing Officer will be incorporated into the four FleetCor lines of business: Fuelman, Major Oil Private Label, CFN and FleetSource. Routh will continue to maintain responsibility for the remaining corporate marketing functions such as brand strategy and public relations.

About Fleetcor
FleetCor, headquartered in Atlanta, was established in 2000. It is one of the leading providers of commercial fleet card issuing and processing services in North America. FleetCor's card programs are marketed throughout the U.S. and Canada under a variety of private-label and proprietary brand names, including BP, Citgo, Fuelman, FleetNet, FleetSource, CFN, and Mannatec. FleetCor Technologies, Inc., and its subsidiaries currently employ over 450 employees, processing 145 million transactions on 2.4 million cards for 358,000 fleets through its Fleet Operator, Petroleum Marketer, Major Oil Private Label and Co-brand businesses. For more information on FleetCor, visit the company's web site at www.fleetcor.com.

Media requiring further information, please contact:
Keka DasGupta / Richelle Wilcox
DDB Public Relations
416.972.7727 / 416-972-7787
keka.dasgupta@can.ddbpr.com / richelle.wilcox@can.ddbpr.com




Account & Card Info | Member Store | Advertising | Human Resources
Home | CFN Mobile Fueling Network | Become a Cardholder
Contact CFN | About CFNnet | Locations | Site Locator | National Accounts


Advertise on this site >>

©2005 Commercial Fueling Network 650-356-3000 or toll free 800-899-2236