Business
/R E P E A T -- Element Financial on Track with Growth Strategy: Establishes Element Capital Business Unit and Appoints Business Leader and Senior Team/
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES....
About this update from Element Fleet Management Corporation
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY\n CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n\n\nTORONTO, Jan. 30, 2012 /CNW Telbec/ - Element Financial Corporation\n (TSX: EFN), one of Canada's leading independent equipment finance\n companies, has established Element Capital, a newly formed business\n unit dedicated to large equipment financing and leasing transactions,\n including energy related assets, corporate aircraft and helicopters,\n rail and road transport, as well as mining and large-scale construction\n equipment.\n\n\nTo lead Element Capital, Steven Hudson, Chairman and Chief Executive\n Officer of Element Financial Corporation, is pleased to announce the\n appointment of Tony Bergeron as Executive Vice President. Mr. Bergeron\n will be based in Montreal. He will be assisted by an experienced sales\n and risk management team located in Montreal, Toronto and Calgary. He\n will report to Bruce Smith, President and Chief Operating Officer of\n the Corporation.\n\n\n\"The creation of Element Capital is an instrumental part of Element\n Financial Corporation's growth strategy to expand into capital asset\n financing with larger transaction size,\" said Steven Hudson. \"We are\n thrilled to have recruited someone of Mr. Bergeron's calibre and\n expertise for Element Capital, and are confident that with his\n leadership skills and experience, he will contribute to the company's\n increased diversification and growth.\"\n\n\n\"The large-ticket segment offers the potential to accelerate the growth\n of our business, \" Mr. Hudson added. \"We believe Element Capital can\n increase its fee-based income with modest balance sheet consumption and\n generate over $250 million of annual volume.\"\n\n\nTony Bergeron is widely recognized as a proven leader across a wide\n range of diverse sectors, including air and road transportation,\n construction and manufacturing, and energy. He has over 20 years of\n experience in equipment financing and leasing in both private and\n public sectors. Prior to joining Element Financial Corporation, Mr.\n Bergeron was Senior Vice President for one of the world's largest\n leasing and financing companies, where he led the company's corporate\n aircraft finance group.\n\n\nTony Bergeron wi...