Element Fleet Management’s president and chief operating officer Dan Jauerning is retiring from the fleet management company effective July 31, 2018.

Jauernig is retiring after serving in his current role since 2016, according to release from the company. He initially joined Element Financial Corp in the fall of 2014 as an executive VP. He also recently served as the company’s acting CEO from February 2018 through early June 2018 following the retirement of the company’s previous CEO Brad Nullmeyer.

Nullmeyer retired from the company in early February after more than five years with the company.

Jauerning is retiring from the company to pursue other interests, such as active private equity investments, the FMC announced in a release. A replacement for his position has yet to be announced.

Related: Element Names Forbes CEO, Refreshes Board