Brian Tobin was named the chairman of the board of directors of Element Fleet Management. Richard Venn, Element’s outgoing chairman, will continue to be a member of the board. He stepped down to accommodate his responsibilities as a founding partner of Further Global Capital Management.

Tobin and Venn have been directors of Element and its predecessor company since 2015 and 2014, respectively.

“It has been a privilege to serve the shareholders of Element as chairman and I welcome the opportunity to continue this service alongside my colleagues as we continue to build and expand the business,” Venn said. “I am further pleased that Brian Tobin has accepted this important responsibility and have every confidence that the company will benefit from his experienced leadership.”

“On behalf of the board and management team, I wish to express my deepest gratitude to Richard for his devoted past service while looking forward to his continued guidance and insight as a member of our board,” Tobin said. “I am eager to continue working with my fellow directors and the entire management team as the business continues to execute on its growth strategy and extend its leadership position in the fleet management industry.”