EFN Element Fleet Management Corp

Element Fleet Management Corp. (TSX:EFN) ("Element" or the "Company"), the largest publicly traded, pure-play automotive fleet manager in the world is proud to announce that its Chief Executive Officer Laura Dottori-Attanasio has been awarded the prestigious title of “New CEO of the Year” by the Globe and Mail’s Report on Business magazine.

Since assuming the Element CEO role in May 2023, Ms. Dottori-Attanasio and her leadership team have made pivotal investments in the business including the acquisition of Autofleet and the establishment of a centralized leasing hub in Ireland. She has also led Element towards becoming a Purpose-driven organization, a defining moment that has provided clear line of sight to the direction of the company.

“I am honoured to be the recipient of this year's recognition, which would not be possible without the remarkable team at Element; their unwavering dedication and perseverance steer our success daily. This award is a testament to and reflection of their collective achievements,” said Ms. Dottori-Attanasio. “Our goal is and continues to be to leverage our phenomenal strengths and build upon the clear momentum of our proudly Canadian company.”

“Inspired by our Purpose to Move the World through Intelligent Mobility, Laura is leading Element through record growth, with a client-centric mindset, strategic innovation, and modernization of our digital capabilities,” says David Madrigal, Element’s Chief Commercial Officer.

“Laura's leadership has not only strengthened our market position but has also advanced our commitment to our team members and long-term sustainability. This recognition speaks volumes to how Element is well-positioned to accelerate for the future while ensuring we continue to deliver the very best for our clients, our people, and our communities,” says David Colman, Executive Vice President, Chief Legal and Sustainability Officer.

About the CEO of the Year Awards

Every year, The Globe and Mail recognizes Canada’s top leaders across five categories, culminating in the selection of one individual as the overall CEO of the Year. The “New CEO of The Year” award is granted to individuals who made significant impact on their company and strategy with fewer than three years of tenure.

About Element Fleet Management

Element Fleet Management (TSX: EFN) is the largest publicly traded 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 – corporations, governments, and not-for-profits – across North America, Australia, and New Zealand. Element’s services address every aspect of clients’ fleet requirements, from vehicle acquisition, maintenance, accidents and remarketing, to integrating EVs and managing the complexity of gradual fleet electrification. Clients benefit from Element's expertise as one of the largest fleet solutions providers in its markets, offering economies of scale and insight used to reduce fleet operating costs and improve productivity and performance. For more information, visit:

https://www.elementfleet.com.

Investor Relations Contact:

Rocco Colella Director, Investor Relations (437) 349-3796

Media Contact:

Candace Allixendir VP, Corporate Communications289-404-4698

This press release contains certain forward-looking statements and forward-looking information regarding Element, its business and the fleet industry, which are based upon Element’s current expectations, estimates, projections, assumptions and beliefs. In some cases, words such as “plan”, “expect”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “could”, “predict”, “project”, “model”, “forecast”, “will”, “potential”, “target, “by”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur are intended to identify forward-looking statements and forward-looking information. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements or information. Forward-looking statements and information in this news release may include, but are not limited to, statements with respect to, among other things, the Company’s expectations regarding the fleet industry and electrification, the Company’s sustainability targets and objectives, including science based targets, Element’s and our clients’ greenhouse gas emissions, fleet electrification, and transition of client vehicles, charging access, decarbonization strategies, future climate reporting, potential climate related opportunities, diverse supplier spending, team member engagement, making a difference in the community, data governance, ethics and compliance, and other sustainability related impacts, objectives and expectations. By their nature, these statements require us to make assumptions and are subject to inherent risks and uncertainties that may be general or specific, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct and that our sustainability priorities, targets (including fleet electrification and GHG reduction targets), commitments and goals will not be achieved. As we work to advance our sustainability strategy, external factors outside of Element’s reasonable control may impact our performance and ability to achieve our goals, including government policies, legislation and regulatory actions, global supply-chain disruptions, geopolitical risk, the occurrence, continuance or intensification of public health emergencies, such as the impact of post-pandemic hybrid work arrangements, the failure of third parties to comply with their obligations to us and our affiliates or associates, our ability to implement various sustainability-related initiatives internally and with our clients under expected timeframes, the availability of comprehensive and high-quality GHG emissions data and standardization of sustainability-related measurement methodologies, the need for active and continuing participation, cooperation and collaboration from various stakeholders, deployment of new technologies and industry-specific solutions, the evolution of client behaviour, varying decarbonization efforts across economies, manufacturer timing and availability, client decisions and preferences, the need for thoughtful climate policies globally, the challenges of balancing interim emissions goals with an orderly transition, and the continuing development and evolution of regulations, guidelines, principles, and frameworks internationally and Element’s compliance thereto, which could lead to us to being subject to various legal and regulatory proceedings, the potential outcome of which could include regulatory restrictions, penalties and fines. These and other factors may cause actual results to differ materially from the expectations expressed in the forward-looking statements and may require Element to adapt its initiatives and activities or adjust its commitments, metrics, targets and goals. The forward-looking statements in this news release speak only as of the date hereof and are presented for the purpose of assisting our stakeholders and others in understanding our objectives and strategic priorities and may not be appropriate for other purposes. We do not undertake to update any forward-looking statement except as required by law. In addition, a discussion of some of the material risks affecting Element and its business appears under the heading “Risk Management” in Element’s Management Discussion and Analysis for the twelve-month period ended December 31, 2023 and the three and nine-month period ended September 30, 2024,, and under the heading “Risk Factors” in Element’s Annual Information Form for the year ended December 31, 2023, as well as Element’s other filings with the Canadian securities regulatory authorities, which have been filed on SEDAR+ and can be accessed on Element’s profile on www.sedarplus.com.

rcolella@elementcorp.com
callixendir@elementcorp.com