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FleetCor Attracts Former Citi Cards Executives to New Appointments

August 8, 2006 - Press Release

FleetCor, a market leader in fleet card processing services announced the addition of two former Citi Cards executives to its management team today, with the appointments of John Hunter as Chief Operations Officer, and John Jelinek as Chief Credit Officer."We are delighted to have been able to attract John Hunter and John Jelinek to the company. I expect that they will make big-time contributions to the company’s next stage of development," said Ron Clarke, Chairman and Chief Executive Officer, FleetCor.John Hunter, formerly the Senior Vice-President of Citi Card’s Oil Partner Programs has twenty-five years of experience with one of the biggest issuers of credit cards in the United States. In his career, he has also led the industry in roles such as the President of Associates National Bank (Delaware) N.A., President of the United States Auto Club, and General Manager for the Oil Partner Programs. In his new role as FleetCor’s Chief Operations Officer, John will assume the overall operational responsibility for the company across all its divisions including Fuelman, FleetNet, FleetSource, CFN, Mannatec and FleetCor’s Private Label business."From my perspective, one of the biggest opportunities that we have is to align all our business goals to ensure that we have an operating platform to allow for our continued expansion," said John Hunter. John Jelinek, FleetCor’s newly appointed Chief Credit Officer also has years of experience in the industry, with a proven track record of success. As a former Senior Vice-President at Citi Cards, Jelinek was responsible for the company’s relationships with some of the industry’s biggest fleet card marketers, including BP, Sunoco, and CITGO. Prior to that, Jelinek was the Chief Risk Officer for CitiFinancial International and was with GE Capital for 19 years in a variety of Risk and Operational positions for their credit card business. "Both Hunter and Jelinek are set to hit the ground running particularly with their highly relevant best-in-class practices," added Clarke. "They will be very focused on our client service delivery and quality, as we aim to triple our business over the next three years.""The growth prospects for FleetCor and its clients are what lead me to this company," said John Jelinek. "The fleet card business has changed dramatically over the past couple of years, and as a result has created new opportunities that FleetCor can capitalize on to drive profitable growth for our partners and their fleet customers.""Moving forward, our challenge will be to support the growth trajectory that we are on, while maintaining an appropriate risk-reward relationship throughout our receivable base," adds Jelinek.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 name 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 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.
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