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Element Fleet Management provides tailored fleet solutions for businesses and government entities to manage and optimize automotive fleets. Its services cover cost management, driver productivity, vehicle uptime, fleet electrification, and technology solutions, along with leasing options. The offering combines advisory services, data-driven insights, and flexible financing to help clients decide between leasing and purchasing vehicles. The company earns revenue through service fees, leasing agreements, and technology solutions, creating multiple income streams. It differentiates itself through a strong emphasis on sustainability and supplier diversity, transparent reporting, and actionable data that clients can use to make informed decisions. The goal is to help clients reduce costs, improve fleet uptime, and transition to sustainable fleets while delivering reliable service across industries from logistics to corporate and government fleets.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1946
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Health Insurance
Comprehensive health and welfare benefits
Paid Time Off
Unlimited Paid Time Off
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Paid Holidays
Element President and Chief Executive Officer Laura Dottori-Attanasio to speak at the Scotiabank Financials Summit. Sep 09, 2026, 08:00 ET TORONTO, Sept. 9, 2026 /CNW/ - Element Fleet Management Corp. (TSX: EFN) ("Element" or the "Company), today announced that Laura Dottori-Attanasio, President and Chief Executive Officer, will participate in a fireside chat at the 2026 Scotiabank Financials Summit in Toronto on September 10, 2026 at 11:10 a.m. ET. The fireside chat will be broadcast live via webcast here. A recording will be available following the event on Element's website. About Element Fleet Management Corp. Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations. Element manages over 1.5 million vehicles globally and leverages this scale and data to help clients optimize performance, identifying over $1.7 billion in cost savings opportunities across our clients' fleets in the past year. Through Element Mobility, we are advancing our leadership into the next era of intelligent mobility to deliver measurable business outcomes for our clients. For more information, visit: elementfleet.com. SOURCE Element Fleet Management Inc. Sumit Malhotra, SVP & Head of Financial Performance, (437) 343-7723, [email protected]
Element Fleet Management has announced several leadership changes to support growth and expand its intelligent mobility capabilities. Effective 1 September, Manuel Tamayo becomes chief commercial officer, leading the company's global commercial organisation. Tamayo previously led Element Mexico, which achieved consistent double-digit growth under his leadership. David Madrigal will assume the role of vice chair, North American strategic partnerships and growth, whilst continuing to lead Element Mexico. From 1 October, Oliver Hahn will head Element Mobility, overseeing emerging capabilities including Element Pay and autonomous vehicles. Adam Simkin, currently chief information officer, will also lead Autofleet from October. Kobi Eisenberg, Autofleet's co-founder, will transition to advisor to the chief executive officer through September 2027. Element manages over 1.5 million vehicles globally.
Element Fleet Management announced leadership changes to support its growth strategy. Manuel Tamayo becomes Chief Commercial Officer from 1 September, overseeing global commercial operations and revenue growth after leading Element Mexico to consistent double-digit growth. David Madrigal will serve as Vice Chair, North American Strategic Partnerships and Growth, whilst continuing to lead Element Mexico. From 1 October, Oliver Hahn will head Element Mobility, bringing international fleet and mobility expertise. Chief Executive Officer Laura Dottori-Attanasio said the appointments strengthen leadership around key growth areas. The changes unite Element's commercial organisation under single global leadership whilst advancing strategic priorities. Element Fleet Management is the world's largest publicly traded pure-play automotive fleet manager.
FleetPartners rejects Element Fleet's exclusivity bid as three-way $854m takeover contest heats up. By Business News Australia 12 August 2026 Vehicle leasing group FleetPartners Group (ASX: FPR) has rejected a request from Canadian suitor Element Fleet Management Corp for a three-week exclusivity period attached to its indicative takeover proposal of up to $4 per share, as a three-way bidding contest emerges for the company valued at $854 million. The FleetPartners board says it received Element's exclusivity request alongside two competing proposals - a revised offer from SG Fleet Topco at $4 per share and a new $3.80 per share indicative bid from Japan's ORIX Corporation - creating a rare multi-party contest for the ASX-listed fleet management firm. FleetPartners confirms that Element's indicative, non-binding and conditional proposal was received on 7 August with the Toronto-listed fleet management company indicating its offer price range of $3.80 to $4 per share will not be increased in the absence of a superior proposal. "The FleetPartners board, together with its professional advisors, has considered and evaluated the Element proposal, including feedback received from shareholders," says the company in a statement to the ASX this morning. "Following that assessment, the board has decided to reject Element's request for exclusivity as contemplated by the proposed process deed." The board's decision to reject the exclusivity request keeps the door open for all three suitors to advance their bids. SG Fleet Topco's revised $4 per share offer represents a significant step up from its earlier $3.60 per share proposal, which the FleetPartners board had unanimously rejected as undervaluing the company. ORIX Corporation's $3.80 per share indicative proposal adds a third dimension to the contest, pitching the Japanese financial services giant against both Element and SG Fleet. FleetPartners has assets under management or financing of $2.4 billion, a figure that grew 6 per cent on the prior corresponding period as reported in the company's first-half FY26 results. The company posted net profit after tax and amortisation of $39.6 million for the half, up 2 per cent on the prior corresponding period, and declared a fully franked interim dividend of 11.9c per share. The company's third-quarter FY26 trading update upgraded its full-year new business written expectations to high-single-digit growth, despite acknowledging softer conditions in the used vehicle market. At the top end of the competing proposals, the $4 per share price offered by both Element and SG Fleet Topco represents a premium to FleetPartners' trading levels prior to the emergence of takeover interest. All three proposals remain indicative, non-binding and conditional, and the FleetPartners board has not granted due diligence access or exclusivity to any party. "The board of FleetPartners is considering the Element proposal, the revised SG Fleet proposal and the ORIX proposal," says the company. "The company intends to provide a further update to shareholders as soon as practicable following its consideration of these matters. "There is no certainty that any proposal will result in a binding offer or that any transaction will eventuate." Business News Australia Australia's business news. Free. Always. Join thousands of founders, investors and executives who read Business News Australia every morning. No paid subscriptions, just free. Unsubscribe anytime. Partner Content
Element Fleet Management reported Q2 earnings on August 5, with sales of US$277.65 million and net income of US$110.91 million. Earnings per share from continuing operations remained flat at US$0.28. The company also completed a share buyback tranche and proposed acquiring FleetPartners Group in Australia and New Zealand. Shares closed at CA$29.63 on August 9, up 7.39% over 90 days but down 17.37% year-to-date. The five-year total shareholder return stands at 131.28%. The most widely followed valuation narrative suggests the stock is 26.5% undervalued, with a fair value of CA$40.30 using a 7.67% discount rate. This assessment relies on expectations of earnings growth, rising margins, and expansion in services such as advanced telematics and AI-driven analytics through partnerships and Element Mobility.