Element Financial Corp. has tapped the leader of the recently acquired GE Capital fleet unit as president and chief executive for its U.S. fleet management company and will shift the existing president to its Toronto-based operation.
Kristi Webb is replacing Jim Halliday to lead Element Fleet Management, which will include the combined, acquired assets from PHH Arval and GE Capital Fleet Services, the company announced Aug. 24.
Halliday moves into a more globally-focused role as executive vice president with the Canadian equipment and vehicle financier where he will oversee Element's global alliance with Arval as well as the company's fleet management operations in Australia and New Zealand, including GE Capital's assets in those countries.
Halliday has served as president of Element Fleet Management since shortly after Element Financial acquired PHH Corp.'s fleet management unit in 2014. He was previously the president of PHH Arval.
Webb and Halliday will report to Brad Nullmeyer, Element Financial's president.
"The expanded scale of our combined fleet operations together with our industry-leading fleet management systems and expertise position Element to accelerate the innovations that will transform the fleet management industry," Nullmeyer said in a release. "Kristi, Jim and their colleagues understand the unique opportunity for growth and innovation that arises from combining these businesses to deliver best-in-class solutions to a wide range of fleet management customers."
The new assignments will take effect when Element Financial closes the North American deal to acquire GE Capital's fleet business, a move expected by the end of August.