CIBC banker to take the wheel at Element Fleet Management

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Laura Dottori-Attanasio next in line, with current CEO Jay Forbes planning to retire after the company’s annual meeting in May

Banker Laura Dottori-Attanasio is taking the wheel as chief executive officer of the world’s largest automotive management company, Element Fleet Management Corp.

Mr. Forbes, 61, joined Element in 2108 at a time when the company faced a low share price and shareholder unrest, after leading successful turnarounds at five other companies, including Manitoba Telecom Services Inc. and Teranet Inc. Element’s share price increased almost fourfold on his watch. Once he retires in May, Mr. Forbes said he plans to take time to reflect with family, and Element will be his last stint as a CEO. “These transformations are intense,” he said. “This is the capstone to my career, and I’m extremely proud of what our 2,500 employees and our executive team accomplished.”

 

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