Jim Nikopoulos was promoted to president of ECN Capital at the company’s board of directors meeting on May 11. Nikopoulos previously served as chief operating officer.

“Jim has been instrumental in helping me execute our strategy since the separation from Element Fleet. He led the very successful sale of our U.S. C&V Business to PNC,” said Steven Hudson, ECN Capital’s CEO. “I am proud that the board agreed to promote Jim and I am excited to move forward as partners in successfully redeploying ECN’s capital. Jim’s ability to return capital, manage businesses and reinvest capital is second to none.”

Bill Lovatt, ECN Capital’s chairman, added, “Jim has proven his ability to lead on an operating basis and to assist Steve in the strategic redeployment of capital. His community commitment is equally impressive.”

With total owned and managed assets of more than C$5.7 billion, ECN Capital is one of North America’s largest commercial finance companies. ECN Capital operates across North America in three verticals of the commercial finance market (rail finance, commercial/vendor finance and commercial aviation finance).