Element Fleet Management Corp. announced that CEO Jay Forbes has decided to retire at the time of the company's Annual General Meeting on May 10, 2023. Concurrent with Mr. Forbes's decision, Element's Board of Directors has appointed Laura Dottori-Attanasio to succeed Mr. Forbes.

To facilitate a seamless transition in leadership, Ms. Dottori-Attanasio will join Element on February 15th initially as President before assuming the CEO role on May 10, 2023. In addition, Mr. Forbes has agreed to serve as a strategic advisor to the CEO and Board Chair for a two-year period post his retirement.