Element Appoints Heath Valkenburg as New CFO
Element Fleet Management announces Heath Valkenburg's appointment as CFO, succeeding Frank Ruperto ahead of his retirement, effective March 28, 2025.
Element Fleet Management Announces Executive Changes
Element Fleet Management reveals leadership transitions with Jim Halliday appointed Vice Chair and Ian Oncea promoted to Chief Operating Officer, aiming to enhance strategic operations.
Element reports record Q2 results and agrees Autofleet acquisition
Element Fleet Management reported record second-quarter revenue and raised its full-year guidance. It also agreed to acquire Autofleet, adding fleet-optimisation and mobility technology capabilities to its business.
Element Fleet Management Releases 2024 Sustainability Report
Element Fleet Management's 2024 Sustainability Report outlines corporate initiatives aimed at reducing emissions and enhancing accountability in sustainability practices.
Element reports record first-quarter revenue and fleet-services growth
Element Fleet Management reported record first-quarter revenue of US$262.5 million, up 16.8% year on year, while services revenue rose 27.3% to US$147.1 million. The fleet manager also outlined ongoing digitisation, automation and international expansion initiatives.
Element Fleet Management Collaborates with BYD in Singapore
Element Fleet Management has expanded to Singapore and entered a collaboration agreement with BYD to enhance sustainable fleet management solutions in Asia.
Element Fleet Management Included in Women Lead Here List
Element Fleet Management has been recognised in the Globe and Mail’s 2024 Women Lead Here list for its commitment to gender diversity in leadership roles.
Element reports record 2023 results and progress on fleet-management initiatives
Element Fleet Management reported record 2023 revenue and earnings, with originations up 35.8%. Its plans to centralise North American leasing in Ireland and establish strategic sourcing in Asia remain on track for mid-2024.
Element Fleet Management Establishes New Leasing Hub in Dublin
Element Fleet Management announces the creation of 70 jobs with a new leasing hub in Dublin, supported by the Irish Government through IDA Ireland.
Element Fleet Management Achieves B Score in CDP Analysis
Element Fleet Management secures a B score in CDP analysis, highlighting improvements in environmental transparency and greenhouse gas emissions disclosure.
Kathleen Taylor Appointed Board Chair of Element in 2024
Element Fleet Management Corp. announces the appointment of Kathleen Taylor as Board Chair effective May 2024, succeeding David Denison after his five-year term.
Element reports Q3 growth and plans new leasing and sourcing offices
Element Fleet Management reported Q3 2023 revenue growth and announced plans to centralise US and Canadian leasing operations in Dublin and open a strategic sourcing office in Singapore, with investments intended to improve growth and profitability.
Element Fleet Management Reports Strong Q2 2023 Results
Element Fleet Management achieved record net revenue of $323.1 million in Q2 2023, reflecting substantial year-over-year growth across key financial metrics.
Arval, Element and SMAS Establish Strategic Cooperation Agreement
Arval, Element Fleet Management and SMAS have signed a tri-party agreement to enhance fleet services in Japan, Thailand, India and Indonesia, focusing on sustainability.
Element Fleet Management releases 2023 ESG report
Element Fleet Management’s 2023 ESG report details progress on fleet electrification, emissions measurement, supplier diversity and driver safety, including 20% electrification of its internal fleet and 75% growth in client EV originations during 2022.
Element Hosts Webinar on Fleet Electrification Strategies
Element Fleet Management will conduct a webinar discussing data-driven strategies for electric vehicle adoption and fleet operations on May 17, featuring industry experts.
Element reports strong first-quarter results and raises 2023 guidance
Element Fleet Management reported record first-quarter revenue of $304 million, with adjusted operating income up 15.8% year on year, and raised parts of its full-year 2023 guidance. The fleet manager also announced CEO succession plans.
Element Fleet Management Issues $750 Million In Notes
Element Fleet Management has successfully issued $750 million of asset-backed term notes, demonstrating strong investor demand and access to capital markets.
Element-Arval Global Alliance Expands to 55 Countries
The Element-Arval Global Alliance adds SIXT Mega Rent, enhancing its fleet management services across the Balkans and increasing global operational reach.
Element Fleet Management Reports Record Financial Results
Element Fleet Management achieved record net revenue and operating income in 2022, showcasing a strong fourth quarter performance amidst industry challenges.
Element to publish fourth-quarter and full-year 2022 results
Element Fleet Management will publish its fourth-quarter and full-year 2022 financial and operating results on 6 March 2023, followed by an investor conference call and webcast on 7 March.
Jay Forbes to Retire; Laura Dottori-Attanasio Appointed CEO
Element Fleet Management announces Jay Forbes' retirement and Laura Dottori-Attanasio's succession, ensuring a seamless transition in leadership over the coming months.
Element Fleet Management Secures Major Contract with Rentokil
Element Fleet Management has secured a five-year contract with Rentokil Terminix, expanding its fleet management services to 21,000 vehicles in North America.
Element Fleet Management reports record third-quarter results
Element Fleet Management reported record third-quarter 2022 results, with net revenue up 19% year on year, adjusted operating income up 31.7% and a 29% dividend increase. It also provided 2023 guidance and plans to renew its share buyback programme.
Element Fleet Management reports record second-quarter results
Element Fleet Management reported record second-quarter revenue of $288.1m, up 22.4% year on year, and raised its full-year 2022 guidance. Services revenue increased 32.6%, while fleet-asset syndication supported its capital-light growth strategy.
Element Fleet Management raises 2022 guidance after strong first-quarter results
Element Fleet Management reported Q1 revenue growth of 4.9% year on year and raised its full-year 2022 guidance, citing stronger services revenue, fleet activity and vehicle-management demand.
Element reports progress on fleet electrification and ESG goals
Element Fleet Management’s second ESG report highlights progress on emissions reduction, fleet electrification, supply-chain diversity, safety and governance, including its Arc EV-transition offering and 6,733 EV originations in 2021.
Element Fleet Management reports higher 2021 income and record backlog
Element Fleet Management reported 2021 income before tax up 37.4% and adjusted operating income up 7.2% in constant currency. Quarterly orders reached a record $2.1 billion, lifting year-end backlog 46% to $2.9 billion.
Element launches end-to-end electric-vehicle fleet service
Element Fleet Management has launched Arc, an end-to-end service supporting commercial fleets through electric-vehicle adoption, including transition planning, vehicle acquisition, charging infrastructure, maintenance, driver reimbursement and remarketing.
Element Fleet Management schedules fourth-quarter and 2021 results call
Element Fleet Management will publish its fourth-quarter and full-year 2021 financial and operating results on 1 March 2022, followed by an investor conference call and webcast on 2 March.
Element Fleet Management Reports Q3 Financial Performance
Element Fleet Management Corp. announces Q3 2021 results, highlighting service revenue growth, increased order backlog and a significant dividend increase.
Element Fleet Management Launches New Telematics Solutions
Element Fleet Management Corp. introduces QConnect and DriverCare CoPilot as part of its Connectivity Solutions ecosystem, enhancing fleet data analysis and risk management.
Element partners with Enel X on smart charging for fleets
Element Fleet Management has partnered with Enel X to give corporate light- and medium-duty fleet clients access to residential and commercial smart-charging solutions across North America, helping optimise charging and reduce operating costs.
Element-Arval Global Alliance Adds New Member in Baltics
Element-Arval Global Alliance expands its fleet management services with the addition of SIXT Leasing Baltics, increasing coverage to 53 countries and 3 million vehicles.
Element Fleet Partners with ChargePoint and WEX for EV Solutions
Element Fleet Management has partnered with ChargePoint and WEX to enhance EV charging access and billing integration for fleet management clients across North America.
Element Fleet Management Joins NAFA's Annual Institute
Element Fleet Management will contribute insights on diversity and inclusion at NAFA's Annual Institute & Expo, highlighting its strategic focus on inclusive leadership.
Element to host government-fleet electrification webinar panel
Element Fleet Management will host a 26 August panel on electrifying government fleets at NIGP Forum Virtual, covering vehicle selection, charging infrastructure, utility coordination, driver behaviour and funding.
Element Fleet Management reports higher second-quarter earnings
Element Fleet Management reported second-quarter adjusted operating income of $126.5 million, up 13.8% year on year, as service revenue and asset syndication supported growth. Vehicle orders rose across its operating markets despite OEM production delays caused by the semiconductor shortage.
Element Fleet Management Partners with Qmerit for EV Charging
Element Fleet Management has established a partnership with Qmerit to improve EV charger installations for clients transitioning to electric vehicle fleets.
Element reports 6.2% rise in first-quarter adjusted operating income
Element Fleet Management reported Q1 adjusted operating income of $137.3m, up 6.2% year on year, with net revenue rising 1%. The fleet manager also syndicated $1.0bn of fleet assets and reported strong growth in Australia-New Zealand and Mexico.
Element appoints leaders to drive electric-fleet strategy
Element Fleet Management appoints Avninder Buttar as vice president of strategy and Jason Kazmar as director of electric vehicle and sustainability strategy to accelerate EV adoption across client fleets.
Arielle Meloul-Wechsler Nominated for Element Board
Element Fleet Management nominates Arielle Meloul-Wechsler for board election, bringing extensive experience from Air Canada to enhance corporate governance and diversity initiatives.
Element Reports Fourth Quarter and Full-Year Financial Results
Element Fleet Management Corp. announces strong Q4 and 2020 financial results, completing a transformation programme while maintaining employee engagement during the pandemic.
Element Fleet Management Appoint Frank Ruperto as CFO
Element Fleet Management announces the appointment of Frank Ruperto as Chief Financial Officer, succeeding Vito Culmone, in line with a succession plan.
Element Fleet Management reports Q3 earnings growth and raises dividend
Element Fleet Management reported a 16% quarter-on-quarter increase in adjusted operating income to $129 million, surpassed its transformation target and announced a 44% common-dividend increase alongside a planned share-buyback programme.
Virginia Addicott Joins Element Fleet Management Board
Virginia Addicott has been appointed to the Board of Directors at Element Fleet Management, bringing extensive experience in transportation and digital transformation.
Element Fleet Management reports resilient second-quarter results
Element Fleet Management reported second-quarter 2020 adjusted operating income of $111 million, continued transformation savings and $17 billion of assets under management. Fleet originations fell amid COVID-19, while the company advanced its growth strategy and balance-sheet strengthening.
Element Fleet Management reports solid first-quarter results
Element Fleet Management reported a 10.5% year-on-year increase in first-quarter core adjusted operating income to $135 million, while fleet assets under management reached $17.8 billion. The company withdrew its 2020 earnings guidance amid COVID-19 uncertainty.