The Board of Eclipx Group announced that Damien Berrell will become Chief Executive Officer in February 2023, succeeding Julian Russell. Mr. Berrell is currently the Group Chief Financial Officer, responsible for all aspects of Finance as well as Strategy, M&A, Legal, Investor Relations and Company Secretarial. Mr. Berrell has over twenty years' experience in the domestic and international non-bank financial institutional space, with the majority of this time in senior leadership roles at successful fleet leasing businesses.

He was appointed as Chief Financial Officer in early 2020. Mr. Russell will step down as Chief Executive Officer on 1 February 2023, following the AGM and has been retained to provide ongoing support to the Board of Directors and Mr. Berrell until September 2023. Damien was appointed as Group Chief Financial Officer (CFO) in early 2020.

Since joining the Group, Damien has been responsible for all aspects of Finance as well as Group Strategy, M&A, Legal, Investor Relations and Company Secretarial. Damien has over twenty years' experience in the domestic and international non-bank financial institutional space, with the majority of this time in senior leadership roles at successful fleet leasing businesses. He was appointed as CFO in early 2020.

Prior to joining ECX, Damien was CFO of Custom Fleet, where he played a leading role in the sale of Custom Fleet by General Electric to Element Financial, where he remained as CFO. His role at Custom Fleet encompassed repositioning the business in Australia and New Zealand, which included the establishment of a securitisation funding program, the implementation of fleet and finance ERPs and the re-engineering of their finance and operational processes. Damien led the introduction of the go-to-market pricing strategy, product penetration, and numerous automation projects within operations, including in-life and end-of-lease management, resulting in increased revenue, margins and lower operating costs.

Prior to Custom Fleet, Damien led the successful restructuring of GE Fleet, Japan, and held senior finance positions at General Electric including GE Capital in Australia & New Zealand, Japan and in the US. Damien holds a Bachelor of Economics, Accounting from Macquarie University and is a qualified Chartered Accountant.