ECN Capital appointed Grier Colter as chief financial officer, succeeding Michel Béland.

Colter initially joined ECN Capital as executive vice president of finance in January 2017, bringing more than 20 years of finance experience.

Prior to joining ECN Capital, Colter served as vice president and treasurer of Canadian Tire, where he oversaw treasury, corporate finance and taxation for all business divisions, including Canadian Tire Bank. In that role, he was responsible for a large debt portfolio and the corporation’s securitization programs.

Prior to that, Colter served in senior level positions at large publicly traded and private Canadian corporations. Colter earned his chartered accountant designation with Ernst & Young.

In conjunction with Colter’s appointment, Béland announced his retirement from ECN Capital. Béland had served as CFO of Element Financial since 2011. He oversaw the separation transaction that created ECN Capital and Element Fleet Management as standalone companies, and moved to ECN Capital following that separation.

“Grier brings experience, energy and insights that are very valuable to the ECN Capital team as we prepare for the next stage in our evolution, and I’m excited to be working with him,” said Steven K. Hudson, ECN Capital’s CEO. “That said, it’s a bittersweet feeling making this announcement. Michel and I have been business partners for 25 years, and his counsel has been vital to my team’s successes over that span. So I’m happy to say that, as much as he deserves a well-earned retirement, I know I can reach out to him for advice.”