The company plans to transform its fleet business
From the October 2018 print edition
Element Fleet Management Corp. has announced plans it says will improve financial performance, strengthen and de-risk the company’s balance sheet and position it for growth.
“We have embarked on a transformational reset of Element’s business, with a renewed focus on our customers and on improving productivity,” said Jay Forbes, Element’s CEO.
The company plans to transform its fleet business, based on a recent assessment of the company’s operations.
Element’s management and board of directors have also examined topics including customer retention; rebate management; people and culture; IT systems; allocation of capital expenditures; and more.
Element has also realigned its executive team, including naming Jim Halliday chief operating officer.