Element Fleet Management Announces New Leasing Hub in Dublin

New operation to create more than 70 new jobs

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.

This project is supported by the Irish Government through IDA 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. “Ireland presents an ideal environment for Element to expand operations because of its rich pool of professionals who have specialized knowledge and expertise in the leasing industry.”

Element’s operation in Dublin will be overseen by Chris Gittens, Executive Vice President, Leasing, who previously ran Element’s Canadian Strategic Relationships Business Unit focused on ‘mega’ fleets and, most recently, was the Company’s Chief Information Officer.

Simon Coveney, Minister for Enterprise, Trade and Employment commented, “I warmly welcome Element Fleet Management’s commitment to create 70 jobs in Dublin. As a global leader in fleet management, Element’s investment in the region is a testament to our welcoming economy and to the specialized and skilled workforce we have in Dublin and across the country. I wish Element sincere and continued success as they open their new location.”

“Element Fleet Management’s decision to establish a new leasing hub in Dublin highlights Ireland’s attractiveness as a business destination, boasting a massive pool of talent and robust infrastructure,” said Michael Lohan, CEO of IDA Ireland. “This decision to create 70 new jobs in Dublin underscores Ireland’s reputation as a leader in the leasing industry and Ireland’s success in cultivating an excellent business environment to attract investment from Canada and beyond. I’d like to wish Element Fleet Management every success in their expansion into Ireland and assure the leadership team of IDA Ireland’s continued support and collaboration.”