04:42:41 EDT Fri 03 May 2024
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Element Fleet Management Corp
Symbol EFN
Shares Issued 389,168,734
Close 2024-02-21 C$ 22.65
Market Cap C$ 8,814,671,825
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Element Fleet to open leasing hub in Dublin

2024-02-22 09:14 ET - News Release

Ms. Laura Dottori-Attanasio reports

ELEMENT FLEET MANAGEMENT ANNOUNCES NEW LEASING HUB IN DUBLIN

Element Fleet Management Corp. has created 70 new jobs as it establishes a centralized leasing function in Dublin, Ireland.

This project is supported by the Irish government through IDA Ireland.

"Centralizing accountabilities for our leasing function into a global leasing centre of excellence allows us to optimize related operations, drive greater strategic focus and ultimately further elevate our clients' leasing experience," said Laura Dottori-Attanasio, president and chief executive officer, Element Fleet Management. "Ireland presents an ideal environment for Element to expand operations because of its rich pool of professionals who have specialized knowledge and expertise in the leasing industry."

Element's operation in Dublin will be overseen by Chris Gittens, executive vice-president, leasing, who previously ran Element's Canadian strategic relationships business unit focused on "mega" fleets and, most recently, was the company's chief information officer.

Simon Coveney, Minister for Enterprise, Trade and Employment, commented: "I warmly welcome Element Fleet Management's commitment to create 70 jobs in Dublin. As a global leader in fleet management, Element's investment in the region is a testament to our welcoming economy, and to the specialized and skilled work force we have in Dublin and across the country. I wish Element sincere and continued success as they open their new location."

"Element Fleet Management's decision to establish a new leasing hub in Dublin highlights Ireland's attractiveness as a business destination, boasting a massive pool of talent and robust infrastructure," said Michael Lohan, chief executive officer of IDA Ireland. "This decision to create 70 new jobs in Dublin underscores Ireland's reputation as a leader in the leasing industry, and Ireland's success in cultivating an excellent business environment to attract investment from Canada and beyond. I'd like to wish Element Fleet Management every success in their expansion into Ireland, and assure the leadership team of IDA Ireland's continued support and collaboration."

Element is undertaking a comprehensive recruitment strategy to fill leasing function roles that require specialized knowledge and local insight. Candidates interested in learning more about employment opportunities with Element Fleet Management should visit the recruitment site.

About Element Fleet Management Corp.

Element Fleet Management is the largest publicly traded pure play automotive fleet manager in the world, providing the full range of fleet services and solutions to a growing base of loyal, world-class clients -- corporates, governments and not for profits -- across North America, Australia and New Zealand. Element's services address every aspect of clients' fleet requirements, from vehicle acquisition, maintenance, accidents and remarketing, to integrating electric vehicles and managing the complexity of gradual fleet electrification. Clients benefit from Element's expertise as the largest fleet solutions provider in its markets, offering unmatched economies of scale and insight used to reduce fleet operating costs, and improve productivity and performance.

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