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Element Fleet Management Corporation

05/06/2021 | Press release | Distributed by Public on 05/06/2021 10:30

Element Fleet appoints Avninder Buttar as Vice President, Strategy and Jason Kazmar, Director, Electric Vehicle & Sustainability Strategy

May 6, 2021 - Element Fleet Management Corp. (TSX: EFN), a leading global provider of fleet management services, has appointed a senior leadership team to lead the company's electric vehicle (EV) strategy. Avninder Buttar is appointed to Vice President, Strategy focused on EVs, and Jason Kazmar to Director, Electric Vehicle & Sustainability Strategy.

Mr. Buttar is a dynamic sustainability champion with a proven track record of leading successful, transformative change. His engineering background and deep experience in data analytics, marketing and business development will help drive Element's Electric Vehicle & Sustainability Strategy. He has helped several leading organizations increase market share through strategic initiatives ranging from transformation to new product launches during his time with Accenture Strategy, and prior to that for Hudson's Bay Company. He most recently served as Vice President, Global Strategic Initiatives with CSA Group.

Mr. Kazmar has been at the forefront of utility/energy strategy including EV program implementation for over ten years. He has held several senior roles as a sustainable energy strategist with leading organizations including Sargent & Lundy, Ernst & Young, Exelon, and most recently with CLEAResult, the largest provider of energy solutions in North America.

'Avninder and Jason bring tremendous experience in the EV sector. Their strong engineering backgrounds and results-driven attitudes will be invaluable assets as we continue to build our global EV strategy,' Chris Gittens, Executive Vice President, Strategic Relationships said. 'Their proven track records and industry leadership in sustainable energy solutions will help accelerate our shift towards EV fleets for our clients.'

As the fleet solutions market leader everywhere we operate, Element is strategically well-positioned to support our clients and lead our industry through the gradual electrification of automotive fleets over the next decade, and we are prudently investing to maintain and improve our position.

Element is currently focusing on strategic partnerships to help streamline and accelerate the EV adoption process for its clients around the globe. Element's Custom Fleet subsidiary, Australia and New Zealand's leading fleet management and Electric Vehicle solutions company, recently announced a major agreement with Australia's leading energy retailer Origin Energy Ltd. to offer a one-stop solution for Electric Vehicle (EV) fleet procurement, management and charging for Origin's business customers. Origin 360 EV Fleet will see Custom Fleet provide Origin's business customers with fully managed electric fleet vehicles and accompanying services. These will be bundled with Origin's charging infrastructure, carbon offsets and energy solutions.

Element's experience in New Zealand positions it as an emerging leader in helping clients transition to EV - approximately 2% of the more than 29,000 vehicles it manages are EVs (BEV or PHEV). Element manages another 500+ EVs outside of New Zealand.

Element's position as the leading provider of sustainable, outsourced fleet solutions is grounded in both data-driven strategies and insights to lower clients' total cost of fleet operations, and a consistent, superior client experience that eliminates fleet-related administrative burden. Element and Custom Fleet are also both part of the Element-Arval Global Alliance - the longest standing strategic alliance in the fleet management industry, managing more than three million vehicles in over 50 countries around the world.

About Element Fleet Management

Element Fleet Management (TSX: EFN) is the largest pure-play automotive fleet manager in the world, providing the full range of fleet services and solutions to a growing base of loyal, world-class clients - corporates, governments and not-for-profits - across North America, Australia and New Zealand. Element enjoys proven resilient cash flow, a significant proportion of which is returned to shareholders in the form of dividends and share buybacks; a scalable operating platform that magnifies revenue growth into earnings growth; and an evolving capital-lighter business model that enhances return on equity. Element's services address every aspect of clients' fleet requirements, from vehicle acquisition and maintenance to accident recovery and remarketing. Clients benefit from Element's expertise as the largest fleet solutions provider in its markets, offering unmatched economies of scale and insight used to reduce fleet operating costs and improve productivity and performance.