Fleet Advantage, an innovator in truck equipment financing, fleet maintenance and fuel analytics and life cycle cost management (LCCM), announced its CEO, John Flynn, a 40-year veteran of the trucking and transportation industries, retired on Dec. 31. Brian Holland, president and CFO of the company, was named Flynn’s successor.

Early in his career, Flynn founded his first startup which was to design and implement a nationwide lease program using highly structured tax leveraged lease financing for over-the-road semi-trucks and trailers. Flynn decided to focus on private corporate truck fleets. He developed mathematical formulas to confirm that shorter lease terms resulted in lower total cost and also structured off-balance sheet operating leases.

In 2008 when he started Fleet Advantage and added environmental stewardship to their services.

“We set out to build a company that would offer the flexibility but not the risk of ownership and combined the attributes of hard work and dedication and a commitment to excellence in customer service, using an innovative approach supported by data analytics to effect change within the transportation sector,” Flynn said. “We are proud of what our team has accomplished through the years, and are gratified to be serving a number of world-class private fleets that have adopted our philosophy and approach by focusing on asset management, including equipment acquisition, financing, fleet services support and asset disposition and the total cost of ownership.”

“John has been a legend in the industry,” Brian Holland. “He’s helped Fleet Advantage earn the respect of both transportation and equipment finance industries, and his bold nature has been exactly what our nation has needed to constantly push the envelope to develop a cleaner, more modern truck transport system.”

Holland joined Fleet Advantage in 2011 and was named president and a director of the company in 2014. He will succeed Flynn as CEO.

“I am incredibly honored and humbled to lead such a talented group of professionals into the future,” Holland said. “It is a privilege to carry on John’s legacy of delivering value and innovative solutions to our clients, providing ongoing career opportunities for our associates, and being a charitable member of our community.”