Arval and Element Fleet Management, through their Element-Arval Global Alliance announced SIXT Mega Rent has become a new member of the world-spanning fleet management network, the longest standing strategic alliance in the fleet management and...
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April 18, 2023, 07:10 AM
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Burger King transitioned 31 percent of its North American field team fleet to electric vehicles (EVs) across 16 states, with the goal of 100 percent EVs by 2030. This move is the next step in delivering on Restaurant Brands International’s (parent...
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March 28, 2023, 07:20 AM
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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 a new electric vehicle charging agreement with Enel X, the advanced energy services arm of the Enel Group. This collaboration will provide Element clients access to Enel X’s residential and commercial smart...
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November 04, 2021, 07:05 AM
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Element Fleet Management Corp. announced its relationship with industry leaders ChargePoint and WEX to provide Element clients with access to ChargePoint’s growing nationwide charging network. This strategic relationship provides a consolidated...
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October 25, 2021, 07:10 AM
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Element Fleet Management Corp. announced it has joined the educational team at the North American Fleet Association’s (NAFA) Annual Institute & Expo in Pittsburgh, PA. Sheri McGrath, Element’s Head of Diversity & Inclusion, will share expert insights...
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September 01, 2021, 07:10 AM
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Element Fleet Management Corp. announced it has joined the educational team at NIGP Forum Virtual being hosted through Aug. 26, that will see over 1,600 public procurement professionals convene online to strengthen connections, tap into best...
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August 24, 2021, 07:15 AM
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Element Fleet Management Corp. announced a charging agreement with Qmerit, a leader in green energy transformation with the largest network of EV charger installers in North America. Through its Charging@Home solution, Qmerit will provide Element...
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July 16, 2021, 07:20 AM
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Element Fleet Management Corp. has appointed a senior leadership team to lead the company’s electric vehicle (EV) strategy. Avninder Buttar is appointed to Vice President, Strategy focused on EVs, and Jason Kazmar to Director, Electric Vehicle &...
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May 07, 2021, 07:23 AM
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AYRO, Inc., a designer and manufacturer of light-duty, short-haul and last-mile delivery electric vehicles (EVs), announced an agreement with Element Fleet Management. By combining AYRO’s marketing, engineering and production expertise with Element’s...
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March 19, 2021, 07:20 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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Quorum Information Technologies Inc. announced the appointment of Mike Herenberg as Chief Operating Officer. Herenberg will work closely with Maury Marks, founder, President and CEO of Quorum, on the corporation’s overall strategy and execution....
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September 28, 2020, 07:11 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 announced financial results for the second quarter ended June 30, 2020 and continued progress on its strategic priorities. Editor's note: Amounts in $CAD unless otherwise noted.Element’s market-leading platform generated...
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July 29, 2020, 07:10 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 Standard & Poor’s (S&P) has initiated coverage of the company with an investment-grade BBB rating and stable outlook. Element is pleased with this outcome as it represents a significant step towards further...
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November 04, 2019, 07:10 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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Celadon Group, Inc. announced it has entered into an agreement to sell its approximately 49.9 percent equity interest in 19th Capital Group, LLC to an affiliate of Element Fleet Management for nominal value. The sale is expected to close during the...
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October 04, 2018, 07:26 AM
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Amerit Fleet Solutions, a provider of fleet maintenance and repair services, announced the close of a majority investment from Ridgemont Equity Partners, a middle market private equity firm, and a minority investment from Element Fleet Management...
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August 22, 2018, 07:20 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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Element Fleet Management Corp. announced the appointment of Jay Forbes as its new Chief Executive Officer and a significant refresh of the company’s board of directors that includes the planned addition of four new independent directors. Forbes'...
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May 14, 2018, 07:30 AM
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Higher fuel prices and tire costs contributed to a marked increase in the total cost of car and truck fleets in 2017, according to the third annual Element Fleet Management Total Cost of Ownership (TCO) Index.The Element TCO Index is a study that...
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April 25, 2018, 07:20 AM
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Element Fleet Management Corp. announced it has completed the issuance of $1 billion of rated term notes through Chesapeake Funding II LLC.The offering was Element’s first Chesapeake II issuance of the year and enjoyed strong demand that allowed the...
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April 18, 2018, 07:01 AM
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Bloomberg reported that Canada’s largest pension fund and Onex Corp. have teamed up to bid for Element Fleet Management Corp., with KKR & Co. also making an offer for the company, according to people familiar with the matter. Read the full Bloomberg...
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December 14, 2017, 07:31 AM
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Element Fleet Management announced financial results for the three and nine month periods ended September 30, 2017. As disclosed in the second quarter of 2017, Element has adopted new segmentation of core fleet management and non-core assets. “Over...
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November 08, 2017, 07:05 AM
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Element Fleet Management Corp. announced that it has completed the issuance of US$1 billion of rated term notes through Chesapeake Funding II LLC ("Chesapeake II").The offering was the third Chesapeake II issuance of 2017 bringing total issuance to...
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November 01, 2017, 07:05 AM
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Element Fleet Management has promoted Chris Gittens to the role of president of Canadian operations, effective immediately. He will report to Kristi Webb, president and CEO, Element Fleet Management North America. Gittens joined Element in 2013 as...
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October 27, 2017, 07:19 AM
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Element Fleet Management announced that The Hon. Brian Tobin, P.C., O.C., has been appointed Chairman of the Board of Directors. Element’s outgoing Chairman, Richard Venn, will remain a member of the Board and has stepped down from his previous role...
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September 22, 2017, 07:00 AM
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Element Fleet Management announced the sale of US$23 million of Element Rail Leasing II LLP 2016-1 Class B notes for an amount exceeding the current book value of the notes.“We continue to make strong progress on our overall growth strategy including...
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September 20, 2017, 07:00 AM
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Element Fleet Management Corp. announced the sale of approximately 60% of its Heavy-duty U.S. truck portfolio (“HD Trucks”) for cash proceeds of approximately $138 million, in excess of book value.“We are pleased to announce this asset sale at an...
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September 07, 2017, 07:15 AM
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Element Fleet Management Corp. reported financial results for the Company’s continuing operations for the three-month period ending March 31, 2017.“We delivered a solid quarter, with key revenue drivers showing improvements as the quarter progressed”...
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May 10, 2017, 07:15 AM
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Element Fleet Management Corp. reported financial results for the Company’s continuing operations for the twelve-month and three-month periods ending December 31, 2016. Element also announced that its Board of Directors approved management’s...
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March 10, 2017, 07:05 AM
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Element Fleet Management announced the appointment of Samir Zabaneh as Chief Financial Officer of the Company effective immediately.“I welcome Samir Zabaneh as a valuable addition to Element’s Executive Leadership Team. Samir brings significant...
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January 10, 2017, 07:00 AM
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Celadon Group announced that it has entered into a joint venture agreement with Element Transportation LLC ("Element"), a subsidiary of Element Fleet Management. The joint venture will hold leasing assets managed by Celadon's Quality Companies, LLC...
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January 03, 2017, 07:15 AM
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ECN Capital Corp. reported that the Company’s CEO, Steven Hudson, has purchased $18.2 million in ECN Common Shares in the open market at an average price of $2.88 per share. He also exercised previously vested options to purchase 300 thousand common...
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November 22, 2016, 07:03 AM
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Steven Hudson, Chief Executive Officer of Element Financial Corporation, is this year’s Entrepreneur Of The Year™ Ontario winner.“Steven’s originality and innovation shines through in all he does,” says Paula Smith, EY partner and Entrepreneur Of The...
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October 31, 2016, 07:17 AM
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Element Financial Corporation (“Element”), now Element Fleet Management Corp. (“Element Fleet”) and ECN Capital Corp. (“ECN Capital”) jointly announced the completion of the reorganization of Element into two separate publicly-traded companies (the...
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October 04, 2016, 07:03 AM
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Element Financial Corporation announced that its Board of Directors has unanimously approved plans to proceed with the reorganization of Element into two separate publicly-traded companies (the “Separation Transaction”) targeted for closing on...
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July 26, 2016, 07:18 AM
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