Ms. Laura Dottori-Attanasio reports

ELEMENT ANNOUNCES LEADERSHIP APPOINTMENTS TO ADVANCE GROWTH AND INTELLIGENT MOBILITY

Element Fleet Management Corp. has made leadership appointments that further strengthen the company's executive team and position the business for its next phase of growth.

Effective Sept. 1, Manuel Tamayo has been appointed chief commercial officer, leading Element's global commercial organization with responsibility for revenue growth, client relationships, sales excellence and commercial performance across the company's markets. The appointment brings Element's commercial organization together under one global leader, creating greater alignment and accountability as the company deepens client relationships and pursues new growth opportunities.

Under Mr. Tamayo's leadership, Element Mexico has consistently delivered double-digit growth, supported by a strong focus on commercial execution and operating discipline. He has also built a high-performing, client-focused culture. In his new role, Mr. Tamayo will bring this combination of growth orientation, disciplined execution and people leadership to Element's global commercial organization.

At the same time, David Madrigal will assume the role of vice-chair, North American strategic partnerships and growth, focused on advancing key strategic priorities for the company and leading Element Mexico. A highly respected and experienced leader, Mr. Madrigal brings extensive knowledge of Element's business, markets and clients, together with a strong record of building relationships and creating long-term value.

Effective Oct. 1, 2026, Oliver Hahn will lead Element Mobility. Mr. Hahn brings extensive global fleet and mobility experience across commercial, operational and client-focused organizations and has a strong record of delivering growth, operational excellence and client outcomes in complex international businesses.

The company also announced that Adam Simkin, chief information officer, has been appointed chief information officer (CIO) and head of Autofleet, effective Oct. 1, 2026. In his expanded role, Mr. Simkin will lead both Element's global technology organization and Autofleet.

Since becoming Element's CIO in early 2025, Mr. Simkin has advanced the company's technology strategy and digital capabilities. He will now also lead the continued development and commercialization of Autofleet's mobility platform while driving disciplined execution of Element's broader technology road map.

About Element Fleet Management Corp.

Element Fleet Management is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions.

We seek Safe Harbor.