Ron Clarke

Ron Clarke has led Corpay (formerly FleetCor Technologies) as Chairman and CEO since 2000, building it from a small fleet fuel card business into one of the world's largest B2B payment companies, processing over $800 billion in annual payment volume. The company rebranded from FleetCor to Corpay in 2024 to reflect its evolution beyond fleet services. Corpay operates across four payment categories: Vehicle Payments (fuel cards for fleets — the original business, providing fuel purchase tracking, control, and rebates), Corporate Payments (accounts payable automation, virtual cards for B2B spending), Cross-Border Payments (international payment processing and FX management for mid-market businesses), and Lodging Payments (workforce lodging payment solutions). The company serves approximately 800,000 business customers globally. Clarke's strategy has been to identify fragmented, inefficient B2B payment workflows and digitize them — replacing checks, cash, and manual processes with electronic payment solutions that provide data, control, and savings. Each acquisition (over 80 since Clarke took over) adds either geographic reach or a new payment vertical. Key stock drivers include payment volume growth, fuel price impacts on transaction values, corporate payments adoption, cross-border payment volumes, acquisition pipeline, revenue per transaction trends, and the structural shift from checks to electronic B2B payments.