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ATLANTA - Corpay, Inc. (NYSE: CPAY), a global business payments company with a market capitalization of $24.65 billion, announced Tuesday that Peter Walker will join as Chief Financial Officer effective July 21, 2025. According to InvestingPro data, the company maintains a robust 78% gross profit margin and has demonstrated consistent profitability over the last twelve months.
Walker most recently served as CFO at Instructure Holdings, Inc. (NYSE: INST), where he led the company’s privatization through its sale to KKR. His previous roles include CFO positions at Sterling Check Corp (NASDAQ: STER) and Jackson Hewitt. Walker also spent over 17 years at Assurant in various finance, accounting and strategy roles, ultimately serving as CFO and Chief Strategy Officer. He joins Corpay at a time when analysts maintain a positive outlook on the company, with InvestingPro reporting strong financial health scores and projected earnings growth for the upcoming year.
"We believe Peter’s mix of public and entrepreneurial company CFO experience will help him to contribute immediately," said Ron Clarke, Corpay’s Chairman and CEO, according to the company’s press release.
Walker is a certified public accountant who began his career at Ernst & Young. He holds a bachelor’s degree in accounting from Miami University and an MBA from New York University’s Leonard N. Stern School of Business.
With Walker’s appointment, interim CFO Alissa Vickery will return to her full-time role as Chief Accounting Officer. Clarke acknowledged Vickery’s leadership of the finance organization during the transition period.
Corpay, an S&P 500 company, provides commercial card solutions and AP automation services to businesses globally. The announcement comes as the company continues to develop its position in the corporate payments sector.
In other recent news, Corpay has been the focus of multiple analyst reports and strategic developments. BMO Capital Markets has reiterated its Outperform rating for Corpay, raising the price target to $410, following Corpay’s first-quarter results that aligned with expectations and reaffirmed its 2025 guidance. The firm expressed optimism about Corpay’s potential acquisition of U.K.-listed Alpha Group, a move that could enhance Corpay’s earnings and revenue growth. Meanwhile, Keefe, Bruyette & Woods also maintained an Outperform rating, highlighting Corpay’s innovative acquisition structure with AVDX, which includes make-whole assurances for partners. JPMorgan adjusted its price target for Corpay to $400 while maintaining an Overweight rating, noting the company’s strategic focus on high-growth corporate payments. Jefferies increased its price target to $375, emphasizing Corpay’s strategic initiatives such as the AVDX investment and partnership with Mastercard. These developments reflect a strong belief in Corpay’s strategic direction and potential for growth in its Corporate Payments division.
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