Element Fleet Management Corp. announced President and CEO Jay Forbes has decided to retire at the time of the company’s Annual General Meeting on May 10. Concurrent with Forbes’s decision, Element’s Board of Directors has appointed Laura...
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January 24, 2023, 07:24 AM
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Element Fleet Management Corp. announced a five-year agreement with Rentokil Terminix, the North American division of Rentokil Initial plc, to provide services and financing to its over 21,000 vehicle fleet in the U.S.“We are honored that Rentokil...
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December 20, 2022, 07:20 AM
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Element Fleet Management Corp. announced strong financial and operating results for the three months ended March 31, and management raised full-year 2022 results guidance. Q1 net income of $93.6 million represents 21 cents on a per share basis. Q1...
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May 11, 2022, 07:21 AM
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Element Fleet Management Corp. announced the launch of Arc by Element — an end-to-end electric vehicle (EV) fleet offering designed to help clients navigate and simplify the complex transition from internal combustion engine (ICE) vehicles to EVs.As...
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February 25, 2022, 07:08 AM
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Element Fleet Management Corp. announced its financial and operating results for the three and nine months ended Sept. 30 showcasing the company’s resilient business model. Element’s market-leading platform generated adjusted operating income (AOI)...
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November 12, 2021, 07:15 AM
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Element Fleet Management Corp. announced it has appointed Frank Ruperto as Chief Financial Officer. Ruperto will join Element as Executive Vice President, Finance, and assume the role of CFO effective immediately upon Vito Culmone’s departure in...
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January 14, 2021, 07:25 AM
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Element Fleet Management Corp. announced the planned departure of Executive Vice President and Chief Financial Officer Vito Culmone in early 2021, and the beginning of a search for his successor.Culmone joined Element as CFO in mid-2018 as part of a...
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August 28, 2020, 07:25 AM
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Element Fleet Management Corp. announced its financial results for the first quarter ended March 31, and continued progress on its transformation program.Element’s market-leading core fleet business generated adjusted operating income of $96.07...
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May 12, 2020, 07:20 AM
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Element Fleet Management Corp. announced the appointment of Israel (Izzy) Kaufman as Executive Vice President and Treasurer, effective Dec. 3.Kaufman brings to Element more than two decades of experience in treasury at leading financial services...
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November 19, 2019, 07:08 AM
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Element Fleet Management Corp. announced further progress on the company’s client-centric strategy in the second quarter.Transformation work remains ahead of plan, the company said, with a cumulative $64.3 million of run-rate profit improvements...
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August 01, 2019, 07:18 AM
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Element Fleet Management Corp. announced increased net income in the first quarter and further progress on the company’s client-centric transformation. Element’s fleet platform generated adjusted operating income of $90.5 million from its core...
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May 08, 2019, 07:19 AM
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Element Fleet Mnagement Corp. announced Chairman Brian Tobin will depart at year end.With Element’s transformation well underway, and with the assumption of increased responsibilities as Vice Chair of BMO Financial Group, Tobin has tendered his...
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November 06, 2018, 07:25 AM
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Element Fleet Management Corp. recently announced a customer-centric plan to meaningfully improve financial performance, strengthen and de-risk the company’s balance sheet, and position the business for growth.“We have embarked on a transformational...
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October 08, 2018, 07:30 AM
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Element Fleet Management Corp. announced President and Chief Operating Officer Dan Jauernig will retire from Element effective July 31, 2018.“Dan has been instrumental in putting the right pieces in place to make Element the North American fleet...
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July 27, 2018, 07:25 AM
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Element Fleet Management Corp. announced the appointment of Vito Culmone as its new Chief Financial Officer, bringing to the Element team deep expertise in finance and strategic planning.Culmone will assume the role on July 16, replacing Samir...
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June 26, 2018, 07:28 AM
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