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Element Fleet Management Corp (EFN.TO)

EFN.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

Brian Tobin

63 2017 Independent Chairman of the Board

Jay Forbes

57 2018 Chief Executive Officer, Executive Director

Vito Culmone

53 2018 Chief Financial Officer

James Halliday

2016 President and Chief Executive Officer - Element Fleet Management International

Kristi Webb

2016 President and Chief Executive Officer - Element Fleet Management North America

Karen Martin

2016 Executive Vice President, Treasurer

Mary Barcellos

Executive Vice President - Human Resources

John Wall

Chief Technology Officer

David Colman

2017 Vice President, General Counsel, Secretary

Kathryn Parkinson

Chief Credit Officer

Paul Damp

62 2016 Independent Director

G. Keith Graham

2018 Independent Director

Joan Lamm-Tennant

65 2014 Independent Director

William Lovatt

64 2016 Independent Director

Rubin McDougal

61 2018 Independent Director

Zev Korman

2017 Senior Vice President Investor Relations

Biographies

Name Description

Brian Tobin

Hon. Brian Tobin is Independent Chairman of the Board of Element Financial Corporation. Mr. Tobin was first appointed to Element’s Board in April 2015. Mr. Tobin was named as an Officer of the Order of Canada in 2013 for his contribution to Canadian public policy as a federal and provincial politician. He served as the Federal Minister of Industry from October 2000 to January 2002, prior to which he served as the Premier of Newfoundland and Labrador from 1996 to 2000. Mr. Tobin served as a Member of Parliament from 1980 to 1996 and served as Minister of Fisheries and Oceans in the federal cabinet from 1993 to 1996. Mr. Tobin is currently Vice Chair Investment & Corporate Banking at BMO Capital Markets, a North American financial services provider. Mr. Tobin serves as Chairman of New Flyer Industries Inc. and Chairman and Lead Director of Aecon Group Inc. Mr. Tobin also served as Executive Chairman, President & Chief Executive Officer of Consolidated Thompson Iron Mines Limited (“CLM”). Mr. Tobin lead the negotiating team that sold CLM to Cliffs Natural Resources Inc. for $4.9 billion which was one of the biggest global mining deals in 2011. Mr. Tobin has also served as a director of Aurvista Gold Corporation, Calvista Gold Corporation, Cline Mining Corporation, Marret Resources Inc., Lions Gate Entertainment Corp. and Canpages Inc. and was a trustee of Newport Partners Income Trust. Mr. Tobin is a member of the Institute of Corporate Directors and a graduate of the Directors Education Program. Mr. Tobin has been awarded honorary degrees by both St. Francis Xavier University and Brock University.

Jay Forbes

Mr. Jay A. Forbes has been appointed Chief Executive Officer, Executive Director of the Company effective on June 26, 2018. Mr. Forbes' other leadership roles included President at Ingram Micro Inc., where he successfully restructured the business to improve profitability at the onset of an economic recession, and President and CEO / CFO at Aliant Inc., where he repositioned the business to become the second largest regional telecom services provider in North America, delivering $2 billion in shareholder value. In the past, Mr. Forbes has also served as CFO at real estate and energy companies. Mr. Forbes holds a Bachelor of Commerce degree from Dalhousie University, is a Chartered Professional Accountant, a Fellow of the Chartered Professional Accountants of Nova Scotia (FCPA, FCA), and has completed the Institute of Corporate Directors program. He is a director at Economical Insurance and previously was a director at MTS, Stratos Global Corporation and Aliant Inc., in addition to a number of not-for-profit organizations.

Vito Culmone

Mr. Vito Culmone has been appointed Chief Financial Officer of the Company effective on July 16, 2018. Mr. Culmone brings to Element Fleet over 25 years of financial and operational experience, with the last 11 years having been spent serving in CFO roles at Shaw Communications, one of the country's largest cable and communications enterprises, and WestJet Airlines, one of Canada's largest air carriers. Prior to that he held increasingly senior positions at Molson Coors Brewing, including overseeing commercial finance as well as finance and strategy for the U.S. Currently, Mr. Culmone is a director of EPCOR Utilities and chair of the audit committee. Across these various companies and industries, he has demonstrated exceptional strategic thinking and a focus on building sustainable shareholder value. Through it all, Mr. Culmone has earned a reputation with investors and the broader capital markets community as a strong, proven leader.

James Halliday

Mr. James (Jim) Halliday is an President and Chief Executive Officer - Element Fleet Management International of the Company. Prior to the Separation Transaction, President and CEO of the Corporation’s International and Fleet Management Business since July 2014; formerly President and CEO of PHH Arval from December 2013 to July 2014 and President of PHH Canada from 2006 to December 2013.

Kristi Webb

Ms. Kristi Webb is an President and Chief Executive Officer - Element Fleet Management North America of the Company. Prior to the Separation Transaction, President and CEO of the Corporation’s North American Fleet Management Business since August 2015; formerly President and CEO of GE Capital Fleet Services from 2012 to August 2015; prior to this role, general manager of the GE Capital Dealer Finance business from 2009 to 2012.

Karen Martin

Ms. Karen L. Martin is an Executive Vice President, Treasurer of the Company. Prior to the Separation Transaction, served as Senior Vice President, Project Finance of the Corporation from 2015 to the time of the Separation Transaction and Treasurer of the Corporation from 2012 to 2015; previously served as Chief Operating Officer at Northbrook Capital Corp. and as President and Chief Financial Officer at Xceed Mortgage Corporation.

Mary Barcellos

Ms. Mary Patricia Barcellos is Executive Vice President - Human Resources of the Company. She is responsible for leading the global human resources organization. She has more than 30 years of experience, leveraging her former roles in finance in finance, operations, and HR at MCAP Financial Corporation. Prior to Element, Mary ran her own consulting practice. In addition to her CA CPA and CHRL, she holds the Human Resources and Compensation Committee designation through The Directors College of DeGroote School of Business. Barcellos holds a bachelor’s degree from University of Western Ontario.

John Wall

Mr. John Wall is Chief Technology Officer of the Company. He leads the technology and IT organization, charged with creating transformative opportunities for the fleet industry. Prior to joining Element in 2015, he served as Senior Vice President and Chief Technology Officer for Symcor, one of Canada's leading financial processing services providers. While there he transformed the organization from legacy platforms to modern, secure, country scale cloud-based solutions, providing customers with reliable and scalable solutions for both analytics and transactional services. Before that, he held positions of increasing responsibility in the healthcare and financial services industries, earning seven patents along the way. Wall received his Bachelors degree in electrical engineering from Purdue University.

David Colman

Mr. David Colman is Vice President, General Counsel, Secretary of the Company. previously an Associate in the Securities Group at Blake, Cassels & Graydon LLP, a Canadian law firm, from 2012 to 2017.

Kathryn Parkinson

Ms. Kathryn Parkinson is an Chief Credit Officer of the Company. Prior to the Separation Transaction, Senior Vice President, Credit and Risk of the Corporation; previously Chief Credit Officer for CIT Finance, U.S. Vendor Finance Division from 1997 to 2013.

Paul Damp

Mr. Paul D. Damp is an Independent Director of the Company. Mr. Damp serves as a director of Element and is Chair of the Audit Committee. Mr. Damp is currently the Chairman and a director of DH Corporation and Managing Partner of Kestrel Capital Partners. He was previously Chairman, director and Chief Executive Officer of Accugraph Corporation from 1996 to 1998. Prior to 1994, he was President and Chief Operating Officer of SHL Systemhouse Inc., and prior to 1990, a partner at KPMG LLP. Mr. Damp graduated from the University of Toronto with a bachelor of commerce degree and is a Chartered Professional Accountant.

G. Keith Graham

Mr. G. Keith Graham is Independent Director of the Company. Andrew Clarke has 20 years of experience in the transportation industry. Since 2015, Mr. Clarke has been the Chief Financial Officer of C.H. Robinson, Inc. of Minneapolis, Minnesota, a NASDAQ-listed corporation and one of the world's largest third-party logistics providers. From 2007 until 2013, Mr. Clarke was the Chief Executive Officer of Panther Expedited Services, Inc. of Seville, Ohio, a premium logistics provider that focuses on the automotive, life sciences, governmental and manufacturing segments. From 2001 to 2006, Mr. Clarke served in various executive roles, including as Senior Vice President and Chief Financial Officer, at Forward Air Corporation, a NASDAQ-listed, diversified transportation services corporation. Mr. Clarke has been a director of several public companies, including Forward Air Corporation and Pacer International, Inc., a publicly-traded company engaged in third-party logistics services, where he served as Chairman of the Audit Committee and member of the Compensation and Nominating & Corporate Governance Committees. Mr. Clarke holds a Master of Business Administration from the University of Chicago Booth School of Business.

Joan Lamm-Tennant

Ms. Joan M. Lamm-Tennant., Ph.D., is an Independent Director of the Company. Ms. Lamm-Tennant serves as a director of Element and is a member of the C&CG Committee and the Audit Committee. She has served as a director of Element since May 2014. Ms. Lamm-Tennant is the Chief Executive Officer of Blue Marble Microinsurance, a microinsurance venture incubator formed in January 2016 by a consortium of insurance entities. She was formerly the Global Chief Economist and Risk Strategist of Guy Carpenter & Company, LLC, the reinsurance and risk advisory operating company of Marsh & McLennan Companies. Ms. Lamm-Tennant is an advisor to C-Suite Executives and Board Members of global (re)insurance with emphasis on enterprise risk modeling, implementation of risk-based decision processes and high value strategies resulting in capital efficiencies and profitable growth. Before joining Guy Carpenter in 2007, Ms. Lamm-Tennant was the founding President of General Reinsurance Capital Consultants (GRCC). Prior to her executive positions in industry, she was a tenured professor and currently holds the Laurence and Susan Hirsch Chair in International Business at the Wharton School, University of Pennsylvania and Adjunct Professorship at the University of Wisconsin. Ms. Lamm-Tennant currently serves on the Board of Directors of Selective Insurance Group and the International Insurance Society. Joan holds a Ph.D. in Finance and Investments from the University of Texas, Austin. In addition Joan holds an M.B.A. in Finance from St. Mary’s University, San Antonio, Texas and a B.B.A. with Honors in Accounting from St. Mary’s University, San Antonio, Texas.

William Lovatt

Mr. William W. Lovatt is an Independent Director of the Company. Mr. Lovatt was appointed to Element’s Board in December 2014 and previously served as Chairman of the board until completion of the Separation Transaction. Mr. Lovatt is the Chair of the C&R Committee and a member of the Audit Committee. Mr. Lovatt is also chairman of the board of directors of ECN Capital. He brings with him 40 years of investment and senior management expertise. Mr. Lovatt is one of Canada’s most respected financial services executives having served as Executive Vice President and Chief Financial Officer of Great-West Lifeco Inc., Great-West Life Assurance Company, London Life Insurance Company and Canada Life Assurance Company. Mr. Lovatt joined Great West-Life in 1979 serving in various positions in the insurer’s investments department prior to being appointed Chief Financial Officer. Mr. Lovatt served as a member of the Accounting Standards Oversight Council from 2000 to 2008 and in 2009, following the global financial crisis, was asked to serve the Canadian Government on the Department of Finance’s Advisory Committee on Liquidity in the Financial Markets. Mr. Lovatt received his Bachelor of Commerce (Hons.) degree from the University of Saskatchewan in 1975, his Chartered Financial Analyst designation in 1983 and became a Fellow Certified General Accountant in 2003.

Rubin McDougal

Mr. Rubin Jay McDougal is Independent Director of the Company. Rubin McDougal provides advisory support to a broad range of privately held enterprises and has served in global finance leadership roles in Asia, Europe and the United States. From 2014 to 2017, Mr. McDougal was a director of Novitex Enterprise Solutions, a managed services provider in the document outsourcing industry, where he also acted as Chair of the Audit Committee. From 2009 to 2016, Mr. McDougal acted as the Chief Financial Officer of CEVA Logistics, a global supply chain services provider based in Amsterdam. Prior to this, Mr. McDougal acted as Chief Financial Officer of CNH Global NV, a manufacturer and financial services provider in the agricultural and construction equipment industries, from 2006 to 2009. Mr. McDougal has extensive public-company compliance and financial reporting experience, having successfully guided both well-capitalized and highly-leveraged financial organizations. Mr. McDougal holds a Master of Business Administration from Western Michigan University.

Zev Korman