ECN Capital announced that it has appointed Michel Béland to the position of Chief Financial Officer of the Company effective immediately.

Mr. Béland has served continuously as the Chief Financial Officer of Element Financial Corporation since July 2011 and has served as the CFO of ECN Capital Corp. under a Transition Services Agreement (“TSA”) since the separation of Element Fleet Management Corp. and ECN Capital Corp. on October 3, 2016. Mr. Béland will continue to be available under the terms of the TSA to assist Mr. Samir Zabaneh, the new CFO of Element Fleet Management Corp., in the assumption of his responsibilities.

“For more than five years, Michel served as the CFO of Element Financial Corporation and throughout that period was an indispensable member of the senior leadership team that successfully grew that company through its formative years to become one of North America’s leading commercial finance companies,” said Steven Hudson, CEO of ECN Capital and former CEO of Element Financial Corporation. “He has been a valued business partner of mine for more than 25 years and I’m grateful that he has agreed to continue to serve as ECN Capital’s CFO as we position the Company for the next stage of our growth,” added Mr. Hudson.

With total owned and managed assets of more than $7.5 billion, ECN Capital Corp. is one of North America’s leading commercial finance companies. ECN Capital operates across North America in three verticals of the commercial finance market