Hilary Rapkin

Hilary Rapkin Email and Phone Number

Chairwoman Board Of Directors @ MEMIC
Portland, ME, US
Hilary Rapkin's Location
Portland, Maine Metropolitan Area, United States, United States
About Hilary Rapkin

I am a fintech industry leader, business strategist, and trusted advisor to boards, investors, and the C-suite. My experience includes 10+ years in a CLO capacity, six years as head of HR, 19 years as corporate secretary at WEX, and nine years serving on external boards, including for-profit and nonprofit boards.Focusing on legal, compliance, and regulatory matters, I provide legal expertise and strategic vision to drive growth and scale for highly regulated environments. As board chair at Maine Employers Mutual Insurance Company (MEMIC), I oversee committees including Investment, Audit, Governance & Nomination, and Compensation.BOARD STRENGTHS:► Corporate Development / M&A ► Corporate Governance► Legal / Regulatory► Risk Management► Ethics / Compliance► Culture / Talent Management► Executive Compensation► ESG / Environmental► DEI / Social Impact► Cybersecurity Reporting►Digital Transformation►Crisis ManagementOne of my proudest career achievements is helping grow WEX into a $2.5B public global payments company from a small privately held $50M business. I built the legal department from the ground up, including internal controls and the team.I drove 24 M&A transactions as member of the strategy, due diligence, and post-merger integration teams. We completed the WEX IPO (NYSE: WEX) in 2005.During the pandemic, I saved WEX $1B+ by steering the litigation of a $1.7B deal and negotiating it down to a $575M acquisition. As a champion for diversity in technology/fintech, I founded Women at WEX, the company’s first employee resource group. WEX now has 11 ERGs.I help boards of directors solve growth problems, pinpoint the right talent, and facilitate transitions in organizations, communities, and relationships. My passion is in making a difference in people’s lives and careers.

Hilary Rapkin's Current Company Details
MEMIC

Memic

View
Chairwoman Board Of Directors
Portland, ME, US
Website:
wexinc.com
Employees:
1
Hilary Rapkin Work Experience Details
  • Memic
    Chairwoman Board Of Directors
    Memic
    Portland, Me, Us
  • Wex
    Executive Advisor
    Wex Jun 2024 - Present
    Portland, Maine, Us
  • Wex
    Chief Legal Officer
    Wex Jan 2017 - Jun 2024
    Portland, Maine, Us
    I joined the company when it was Wright Express Corporation and earned progressive promotions to empower the company’s evolution from a growth-stage $50M business focused on fleet (fuel) cards into WEX, a $2.5B publicly traded global payments company providing a suite of payment solutions. I analyzed and spearheaded inorganic growth opportunities within a highly regulated environment.SELECT ACHIEVEMENTS:✔ Facilitated 24 acquisitions of companies, technologies, products, and people to fuel growth. ✔ Created WEX Compassion Fund, an innovative 501(c)(3) formed to provide aid to employees experiencing unique hardships related to health, natural disasters, crime, and other challenges. ✔ Enabled 2005 initial public offering (IPO) as member of M&A strategy team and SEC Form S-1 drafting team. ✔ Built public company infrastructure. Collaborated with finance team to stand up the board, committees, corporate governance guidelines, and SEC legal compliance. ✔ Minimized risk through product diversification. Supported three major lines of business: fleet, corporate payments, and benefits. ✔ Acquired bank charter and established Utah Industrial bank, a WEX-owned commercial bank and special purpose lending institution, resulting in improved business model.✔ Led global expansion. Leveraged existing relationships with all major oil companies to grow internationally throughout New Zealand, Australia, and Europe.✔ Served as executive sponsor of ESG Committee, liaising with the board for ESG strategy and oversight. Established organizational structure to comply with developing regulatory reporting requirements. ✔ Elevated WEX’s commitment to social impact by developing and globalizing company’s first-ever Corporate Philanthropy Program. ✔ Scaled employee base from 800 to 3K, serving as head of HR. Advised C-suite and leadership team on human capital management topics.
  • Wex
    Head Of Human Resources
    Wex 2013 - 2019
    Portland, Maine, Us
  • Wex
    Svp, General Counsel | Corporate Secretary
    Wex 2005 - 2017
    Portland, Maine, Us
  • Wex
    Vp, General Counsel
    Wex 1999 - 2005
    Portland, Maine, Us
  • Wex
    Vp, Business Counsel
    Wex 1998 - 1999
    Portland, Maine, Us
  • Wex
    Business Counsel
    Wex 1996 - 1998
    Portland, Maine, Us
  • United Way Of Southern Maine
    Member Board Of Directors
    United Way Of Southern Maine 2020 - Present
    Portland, Me, Us
    Our board supports the Maine affiliate of United Way, an international nonprofit organization focused on fundraising to support various nonprofit agencies providing housing, child education, and health programs. We currently provide guidance on issues related to COVID and post-COVID fundraising recovery while continuing progress toward long-term goals.Chair, Resource Development Council (2023-Present)Member, Executive Committee (2023-Present)Member, Equity Action Council (2022-Present)United Way of Greater Portland (UWGP):Member, Board Development & Governance Committee (2020-2022)Member, Diversity Action Plan Committee (2020-2022)KEY ACHIEVEMENTS:✔ Advised on staying on track for 10-year plan (“Thrive 2027”) and refreshing short-term strategic plan.✔ Guided 2021 merger of UWGP with United Way of York County to become United Way Southern Maine.
  • Memic
    Chairwoman Board Of Directors
    Memic Jun 2016 - Present
    Portland, Me, Us
    I serve on a board providing oversight for MEMIC, a Maine-based workers’ compensation company, including two subsidiaries operating outside the state, serving 500+ employees. Chair, Board of Directors (2023-Present)Chair, Executive Committee (2023-Present)Chair, Investment Committee (2023-Present)Member, Governance & Nominating Committee (2023-Present)Member, Compensation Committee (2019-Present)Chair, Audit Committee (2018-2022)KEY ACHIEVEMENTS:✔ Contributed to CEO transition strategy (2nd CEO since 1993).✔ Advanced board maturity by instituting board structure and strategic planning. Refined mission, vision, and values. ✔ Pivoted strategy due to 19% pricing decrease in Maine. Adjusted strategic plan for sales and pricing. Achieved record surplus.✔ Approved MEMIC’s first Risk Appetite Statement, oversight of actuarial analysis, financial and internal audit plans, anti-fraud, and state insurance examinations.

Hilary Rapkin Education Details

  • University Of Maine School Of Law
    University Of Maine School Of Law
    Doctor Of Law - Jd
  • Bowdoin College
    Bowdoin College
    Art History

Frequently Asked Questions about Hilary Rapkin

What company does Hilary Rapkin work for?

Hilary Rapkin works for Memic

What is Hilary Rapkin's role at the current company?

Hilary Rapkin's current role is Chairwoman Board Of Directors.

What schools did Hilary Rapkin attend?

Hilary Rapkin attended University Of Maine School Of Law, Bowdoin College.

Who are Hilary Rapkin's colleagues?

Hilary Rapkin's colleagues are Bruno Durieux, Vignesh Raja, Anthony Jackson, Cynthia Peck, Natalie Casey, Nolan Sanchez, Cheryl Thompson.

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