On August 25, Element Financial Corporation announced that Kristi Webb has been appointed as the new President and CEO of Element's fleet management business and Jim Halliday has been appointed as Executive Vice President, Element Financial Corporation.
These appointments follow Element's previously announced agreement with GE to acquire GE Capital's remaining North American fleet management operations in the U.S. and Mexico, as well as GE Capital's fleet management operations in Australia and New Zealand, for an all-cash purchase price of $8.6 billion (Canadian).
In her new role, Webb will be responsible for developing and executing on Element's fleet management strategy across a variety of sectors and markets. She is currently President and CEO of GE Capital Fleet Services, which provides commercial car and truck financing and fleet management services.
In his new role, Halliday, currently President and CEO of Element's fleet management business, will oversee Element's global alliance with Arval as well as the Company's operations in Australia and New Zealand. He will also focus on pursuing large organic growth opportunities and will lead the firm's mergers and acquisitions activities in the fleet market.
Element has promoted Sébastien Blondin to President in Canada. Blondin has been a Regional Vice President with Element for Eastern Canada since 2012.