Element Senior Exec Sticha Retires
Mary Sticha, a veteran fleet management company executive who held leadership roles with two prominent industry associations, retired earlier this year.
May 8, 2019
Mary Sticha, a veteran fleet management company executive who held leadership roles with two prominent industry associations, retired earlier this year.
May 8, 2019
Element Fleet Management has announced a five-point plan to "reset" its fleet business that includes internal actions, a $150 million operations investment, a $300 million share offering, a purchase and wind-down of its 19th Capital joint venture, and an accountability plan.
October 1, 2018
Toronto-based Element Fleet Management increased gross revenue from its fleet business by 10.5% to $1.47 billion Canadian ($1.14 billion in U.S. dollars) in the first quarter and grew revenue 2.8% to $1.43 billion ($1.11 billion) from the fourth quarter of 2017, the fleet management company has reported.
May 21, 2018
Element Fleet Management Corp. reiterated its "strong financial position" including $4.7 billion of liquidity to finance future business in its most recent earnings report released in March.
April 2, 2018
Element Fleet Management has begun offering SiriusXM satellite radio to its fleet customers under a new partnership designed to allow corporate fleet managers to reward drivers.
October 4, 2017
Fleet management companies put in place resources for commercial fleets with vehicles in South Florida that may have suffered damage from Hurricane Irma. They helped drivers locate fuel, identified replacement units, and managed an influx of calls from drivers.
September 7, 2017
Commercial fleet management trends, open-end versus closed-end leasing, Element Financial Corp.'s acquisition of GE Capital's fleet unit, and telematics trends made up the most popular articles of 2016 on AutomotiveFleet.com.
December 28, 2016
With the ink barely dry on Element Financial Corp.'s agreement to acquire GE Capital Fleet Services, the Toronto company's chief executive said Element may pursue other fleet management companies such as Donlen Corp. or LeasePlan.
July 2, 2015
Toronto-based Element Financial Corp. will raise $2.5 billion Canadian ($2.05 billion) in corporate debt to fund an unidentified acquisition that must be completed by the end of the year.
May 21, 2015
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