ECN Capital Corp. announced the appointment of Grier Colter as Chief Financial Officer, succeeding Michel Béland.

Mr. Colter, 43, initially joined ECN Capital as Executive Vice President, Finance in January 2017, bringing over 20 years of finance experience.

Most notably, prior to joining ECN Capital, Mr. Colter served as Vice President and Treasurer of Canadian Tire Corp., where he oversaw treasury, corporate finance and taxation for all business divisions, including Canadian Tire Bank. In that role, he was responsible for a large debt portfolio and the corporation’s securitization programs.
Prior to that, Mr. Colter served in senior level positions at large publicly traded and private Canadian corporations. Mr. Colter earned his Chartered Accountant designation with Ernst & Young LLP.

In conjunction with Mr. Colter’s appointment, Mr. Béland has announced his retirement from ECN Capital. Mr. Béland, 64, served as CFO of Element Financial Corp. from 2011. He oversaw the landmark separation transaction that created ECN Capital and Element Fleet Management Corp. as standalone companies, and moved to ECN Capital following that separation.

“Grier brings experience, energy and insights that are very valuable to the ECN Capital team as we prepare for the next stage in our evolution, and I’m excited to be working with him,” said Steven K. Hudson, ECN Capital’s Chief Executive Officer. “That said, it’s a bittersweet feeling making this announcement. Michel and I have been business partners for 25 years, and his counsel has been vital to my team’s successes over that span. So I’m happy to say that, as much as he deserves a well-earned retirement, I know I can reach out to him for advice.”

With total owned and managed assets of more than $7.5 billion, ECN Capital Corp is one of North America’s leading equipment finance companies. ECN Capital operates across North America in three verticals of the equipment finance market (Rail Finance, Commercial & Vendor Finance, and Commercial Aviation Finance).