Executive Shift at Element Fleet Management: Welcoming New CFO
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Element Fleet Management Announces Key Executive Transition
Element Fleet Management Corp. (TSX: EFN) has made significant moves in its executive leadership as it prepares for the next chapter in its evolution. The company has officially appointed Heath Valkenburg, who previously served as Senior Vice President, Finance and Treasurer, as its new Executive Vice President and Chief Financial Officer. This transition is set to take effect on March 28, 2025, as the current CFO, Frank Ruperto, prepares for retirement after an esteemed career at Element.
In a heartfelt statement, Laura Dottori-Attanasio, CEO of Element, expressed her gratitude for Frank Ruperto's invaluable contributions to the company. Ruperto has been an integral part of Element's success, driving financial stability and creating a skilled team dedicated to exceptional client service. His leadership has ensured that Element not only meets but exceeds its performance goals.
Reflecting on Ruperto's Legacy
Ruperto's impact on Element is both profound and lasting. Over the years, he has fostered a culture of excellence, demonstrating unwavering commitment to the company's clients and steering financial growth. As he embarks on this new chapter of life, he leaves behind a legacy of success characterized by strategic foresight and collaborative leadership.
"Serving as Element's CFO has been a remarkable journey for me. I am proud of our achievements and the meaningful relationships we have built alongside our clients and partners. I truly believe that Element is well-positioned for ongoing growth, thanks to the talented team we've assembled," Ruperto shared, reflecting on his tenure.
Introducing Heath Valkenburg: A New Chapter Begins
With Ruperto's impending retirement, the company turns its focus to Heath Valkenburg, who is set to transition into the role of CFO. Valkenburg, a Chartered Accountant, brings more than 19 years of experience in finance, having held key positions at notable organizations such as KPMG and GE Capital before continuing to rise through the ranks at Element. He notably led the company’s operations in Australia and New Zealand, where he was instrumental in driving growth for nearly four years.
Dottori-Attanasio expressed her enthusiasm about Valkenburg's promotion, highlighting his leadership qualities and comprehensive understanding of the fleet management sector. "Heath's promotion is a testament to our commitment to cultivating talent from within. His insights and strategic vision are essential as we continue to forge ahead in our objectives," she commented.
Future Directions for Element Fleet Management
As Valkenburg prepares to take on his new responsibilities, he emphasizes the importance of executing Element's growth and optimization strategies. His approach aims to harness emerging opportunities in the fleet and mobility industries, steering the company towards innovative solutions that cater to evolving client needs.
Valkenburg shared his vision, stating, "I am eager to collaborate with our executive team and leverage the talent at Element to drive our success in the upcoming years. Together, we will navigate the challenges and opportunities that lie ahead in the fleet management landscape."
About Element Fleet Management
Element Fleet Management (TSX: EFN) stands as the premier choice for full-service automotive fleet management. With a focus on providing comprehensive services, Element caters to various sectors, including corporations, governments, and non-profits across North America, Australia, and New Zealand. Their offerings encompass everything from vehicle acquisition and maintenance to EV integration and fleet electrification, ensuring clients benefit from reduced operating costs and enhanced productivity.
Frequently Asked Questions
Who is the new CFO of Element Fleet Management?
The new CFO of Element Fleet Management is Heath Valkenburg, who will take on this role effective March 28, 2025.
What role did Frank Ruperto serve in at the company?
Frank Ruperto served as the Executive Vice President and Chief Financial Officer at Element Fleet Management before announcing his retirement.
How long has Heath Valkenburg been with Element?
Heath Valkenburg has been with Element Fleet Management for several years, previously holding senior financial positions within the company.
What is Element Fleet Management known for?
Element Fleet Management is recognized as the largest publicly traded, pure-play automotive fleet manager globally, providing a full suite of fleet services to diverse clients.
What are the company's goals under the new CFO?
Under Heath Valkenburg's leadership, Element Fleet Management aims to execute growth strategies and capitalize on emerging opportunities in the fleet and mobility industry.
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