05:17 PM EDT, 09/03/2024 (MT Newswires) -- Element Fleet Management ( ELEEF ) , said Tuesday Treasurer Heath Valkenburg will be the company's new chief Financial Officer effective March 28 of next year.

Valkenburg will succeed CFO, Frank Ruperto, who announced his retirement, and will remain with the company to ensure a seamless transition.

"I want to thank Frank for his friendship, leadership, and many contributions to Element," said Chief Executive Laura Dottori-Attanasio. "Frank has played an instrumental role in driving Element's strong performance and has significantly contributed to our financial stability and the development of strong teams with deep expertise."

Valkenburg is a Chartered Accountant who brings over 19 years of finance experience and industry knowledge to the role, holding senior positions at KPMG and GE Capital, before beginning his long tenure of progressively senior roles at Element.

Element closed up $0.18 t0 $28.13 on the Toronto Stock Exchange Exchange.