ELEMENT FLEET MANAGEMENT


Associated tags: EVS, TSX, EFN, Accident, Element, Webcast, Maintenance

Locations: ASIA, MARYLAND, MINNESOTA, MISSISSAUGA, ON, CA, AMERICAS, SINGAPORE

Element Announces Collaboration with BYD

Retrieved on: 
Thursday, April 25, 2024

TORONTO, April 25, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, today announced it has commenced operations in its newest global location in Singapore. This expansion marks a significant milestone in Element’s ongoing strategic initiative to enhance its global procurement capabilities and strategic sourcing relationships in Asia. In line with this expansion, Element is also pleased to announce it has entered into a collaboration agreement with BYD, the world’s leading new energy vehicle (NEV) manufacturer and power battery supplier.

Key Points: 
  • In line with this expansion, Element is also pleased to announce it has entered into a collaboration agreement with BYD, the world’s leading new energy vehicle (NEV) manufacturer and power battery supplier.
  • Element’s newly formed relationship with BYD reinforces a shared commitment to advancing sustainable, zero-emission solutions in the fleet management industry.
  • “Establishing our presence in Singapore and partnering with a global leader like BYD underscores our commitment to innovation and sustainability in fleet management in Asia and across the world,” said Laura Dottori-Attanasio, President and Chief Executive Officer at Element.
  • “Our collaboration agreement is more than just a business partnership; it's a commitment to drive change and lead the way towards a more sustainable future."

Element to Announce Q1 2024 Results and Host Conference Call on May 15, 2024

Retrieved on: 
Wednesday, April 10, 2024

TORONTO, April 10, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, will hold its Q1 2024 results conference call and webcast for investors and analysts on Wednesday, May 15, 2024 at 8:00 a.m. Eastern Time.

Key Points: 
  • TORONTO, April 10, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, will hold its Q1 2024 results conference call and webcast for investors and analysts on Wednesday, May 15, 2024 at 8:00 a.m. Eastern Time.
  • Element’s financial results for the period will be issued after market close on Tuesday, May 14, 2024 and will be available on the Company’s website at elementfleet.com/investor-relations/public-disclosures .
  • The conference call and webcast can be accessed as follows:

Element Named to Report on Business Magazine’s Fifth Annual Women Lead Here Benchmark of Executive Gender Diversity

Retrieved on: 
Tuesday, April 2, 2024

TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, is pleased to announce it has been included in the Globe and Mail’s 2024 Report on Business magazine’s annual Women Lead Here list.

Key Points: 
  • “Element's recognition in the Women Lead Here list is a milestone in the company's ongoing efforts to foster a diverse, equitable and inclusive workforce,” said J'Nai Buchanan, Director of Diversity, Equity, Inclusion, and Belonging at Element.
  • The Women Lead Here benchmark was established in 2020 by Report on Business magazine and applies a proprietary research methodology to provide an overview of the largest Canadian corporations with the highest degree of gender diversity among executive ranks.
  • Element’s commitment to advancing diversity, equity, inclusion and belonging in its workforce has yielded important progress:
    Element’s Board of Directors membership is 60 per cent women.
  • The full list of 2024 Women Lead Here honourees can be found in the here .

Element Nominates Luis Téllez for Election to Board of Directors

Retrieved on: 
Monday, April 1, 2024

Mr. Téllez is an economist with extensive experience in both private and public sectors in Mexico.

Key Points: 
  • Mr. Téllez is an economist with extensive experience in both private and public sectors in Mexico.
  • Mr. Téllez currently runs his own consulting firm, LTK y Asociados, where he advises several large companies across various industries.
  • “Luis also has extensive public company Board experience and will be a strong asset to Element’s Board, bringing a unique perspective and deep knowledge of the Mexico market, an important and growing region for Element."
  • "Element is an industry leader with a strong reputation both in Mexico and globally,” said Mr. Téllez.

Element Announces Pricing of Private Offering of Senior Notes

Retrieved on: 
Monday, March 4, 2024

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it has agreed to sell US$750,000,000 aggregate principal amount of 5.643% Senior Notes due 2027 (the “Notes”) in a private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points: 
  • TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it has agreed to sell US$750,000,000 aggregate principal amount of 5.643% Senior Notes due 2027 (the “Notes”) in a private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”).
  • The net proceeds from the offering are expected to be used for working capital and general corporate purposes, which may include the repayment of existing indebtedness.
  • The offering is expected to close on March 13, 2024, subject to customary closing conditions.
  • Additionally, in Canada the offering will be made pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws.

Element Announces Proposed Private Offering of Senior Notes

Retrieved on: 
Monday, March 4, 2024

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it intends to sell senior unsecured notes (the “Notes”) in a proposed private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions (the “Notes Offering”).

Key Points: 
  • TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it intends to sell senior unsecured notes (the “Notes”) in a proposed private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions (the “Notes Offering”).
  • The Company intends to use the net proceeds from the Notes Offering for working capital and general corporate purposes, which may include the repayment of existing indebtedness.
  • The Notes will not be registered under the Securities Act or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws.
  • Additionally, in Canada the offering will be made pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws.

Element Fleet Management Announces New Leasing Hub in Dublin

Retrieved on: 
Thursday, February 22, 2024

TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, recently announced the creation of 70 new jobs as it establishes a centralized leasing function in Dublin, Ireland.

Key Points: 
  • TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, recently announced the creation of 70 new jobs as it establishes a centralized leasing function in Dublin, Ireland.
  • “Centralizing accountabilities for our leasing function into a global leasing centre of excellence allows us to optimize related operations, drive greater strategic focus and ultimately further elevate our clients’ leasing experience,” said Laura Dottori-Attanasio, President and Chief Executive Officer, Element Fleet Management.
  • Simon Coveney, Minister for Enterprise, Trade and Employment commented, “I warmly welcome Element Fleet Management’s commitment to create 70 jobs in Dublin.
  • Candidates interested in learning more about employment opportunities with Element Fleet Management, should visit the recruitment site .

Element Fleet Achieves B Score in CDP Climate Change Analysis

Retrieved on: 
Thursday, February 15, 2024

Core to Element’s improved CDP score this year was the disclosure of greenhouse gas (GHG) emissions.

Key Points: 
  • Core to Element’s improved CDP score this year was the disclosure of greenhouse gas (GHG) emissions.
  • In addition, Arc by Element, our end-to-end fleet electrification and decarbonization solution continues its positive momentum.
  • This year’s CDP score reflects the important action on climate issues the Company is taking related to environmental transparency.
  • “Our CDP score this year acknowledges that we are taking important action on climate issues and delivering sustained and positive differences where we live and work.”

Element to Announce Q4 and Full-Year 2023 Results and Host Conference Call on February 28, 2024

Retrieved on: 
Thursday, January 25, 2024

TORONTO, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, will hold its Q4 2023 and full-year 2023 results conference call and webcast for investors and analysts on Wednesday, February 28, 2024 at 8:00 a.m. Eastern Time.

Key Points: 
  • TORONTO, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, will hold its Q4 2023 and full-year 2023 results conference call and webcast for investors and analysts on Wednesday, February 28, 2024 at 8:00 a.m. Eastern Time.
  • Element’s financial results for the period will be issued after market close on Tuesday, February 27, 2024 and will be available on the Company’s website at elementfleet.com/investor-relations/public-disclosures .
  • The conference call and webcast can be accessed as follows: