Board of Directors

bigraphy image

Jay Forbes, FCPA, FCA

CEO, Element Fleet Management Corp.

Jay Forbes is Chief Executive Officer of Element Fleet Management, Corp. Mr. Forbes is a proven business leader who brings a fresh strategic perspective to Element to create value for investors, customers and employees. He has deep passion for serving customers, operational expertise, strong financial acumen, and a firm grasp of technology.

Prior to Element, from 2015 to 2017, Mr. Forbes was President and CEO of Manitoba Telecom Services, where he designed and executed a customer-centric strategy that created $1.1 billion in shareholder value. Similarly, Mr. Forbes made a significant impact during his tenure as President and CEO of Teranet Inc., a world-leading developer, operator and owner of electronic land registration systems, where he developed an information services growth strategy to yield billions in high-margin revenues.

Mr. Forbes’ other leadership roles included President at Ingram Micro Inc., where he successfully restructured the business to improve profitability at the onset of an economic recession, and President and CEO / CFO at Aliant Inc., where he repositioned the business to become the second largest regional telecom services provider in North America, delivering $2 billion in shareholder value. In the past, he has also served as CFO at real estate and energy companies. 

Mr. Forbes holds a Bachelor of Commerce degree from Dalhousie University, is a Chartered Professional Accountant, a Fellow of the Chartered Professional Accountants of Nova Scotia (FCPA, FCA), and has completed the Institute of Corporate Directors program. He is a director at Economical Insurance and previously was a director at MTS, Stratos Global Corporation and Aliant Inc., in addition to a number of not-for-profit organizations.

bigraphy image

Honourable Brian V. Tobin, P.C., O.C.


The Hon. Brian Tobin is chairman of Element Fleet Management and is Chair of the Compensation & Corporate Governance Committee.

The Hon. Brian Tobin was named as an Officer of the Order of Canada in 2013 for his contribution to Canadian public policy as a federal and provincial politician, and for supporting economic development in Newfoundland and Labrador.

Mr. Tobin served as the Federal Minister of Industry from October 2000 to January 2002, prior to which he served as the Premier of Newfoundland and Labrador from 1996 to 2000. Mr. Tobin served as a Member of Parliament from 1980 to 1996 and served as Minister of Fisheries and Oceans in the federal cabinet from 1993 to 1996.

Mr. Tobin is currently Vice Chair with BMO Capital Markets in Toronto. Mr. Tobin serves as Chairman and director of New Flyer Industries Inc., Lead Director and Chairman of Aecon Group Inc.

Mr. Tobin also served as Executive Chairman, President & CEO of Consolidated Thompson Iron Mines Ltd. Mr. Tobin lead the negotiating team that sold CLM to Cliffs Natural Resources for 4.9 billion dollars which was one of the biggest global mining deals in 2011.

Mr. Tobin is a member of the Institute of Corporate Directors and a graduate of the Directors Education Program. Mr. Tobin has been awarded honorary degrees by both St. Francis Xavier University and Brock University.

bigraphy image

Keith Graham, MBA, CFA


Keith Graham was appointed a director of Element Fleet Management in May 2018. He has extensive business, investment and asset management expertise and brings a valuable institutional investor’s perspective to the Board.

Mr. Graham is the Founder and President of Rondeau Capital Inc., a private investment and advisory company. He has over 25 years of experience as a Portfolio Manager and Senior Executive with firms such as AGF Funds Inc., a diversified global asset management firm, Trimark Investments, a privately-owned investment management firm, and Ontario Teachers’ Pension Plan, one of the world’s largest single-profession pension plans and private equity investors.

Mr. Graham holds the Chartered Financial Analyst designation and earned a Master of Business Administration from the Ivey School of Business at the University of Western Ontario.

bigraphy image

Paul D. Damp


Paul Damp serves as director of Element Fleet Management and is Chair of the Audit Committee.

Paul Damp is managing partner of Kestrel Capital Partners, a private investment firm. Since 2001, he has served as non-executive chairman and a director of DH Corporation, a financial technology company listed on the Toronto Stock Exchange.

Damp is a former member of the board of directors of the following public companies:

HomeQ Corporation and its predecessor Home Equity Trust from 2001 to 2012, Bridgewater Systems Corp from 2008 to 2011, Cognos Inc. from 2003 to 2008, and AIT Advanced Information Technologies from 1996 to 2002. From 1996 to 1998, he was chairman and CEO of Accugraph Corp., a telecommunications software company. He became non-executive chairman of Architel Systems Corporation in 1998, upon the acquisition of Accugraph by Architel and continued in that role until 2000, at which time Architel was acquired by Nortel. During the period from 1990 to 1994, Damp served as a member of the board of directors of SHL Systemhouse Inc, a systems integration company, and also served as an executive with SHL from 1992 to 1994, initially as vice chairman and CFO, and subsequently as president and chief operating officer. From 1987 to 1990, Damp was a partner with KPMG LLP Canada in the corporate finance group.

Damp holds a Chartered Professional Accountant designation and a Bachelor of Commerce Degree from the University of Toronto.

bigraphy image

Joan Lamm-Tennant, BBA, MBA, PhD


Joan Lamm-Tennant serves as director of Element Fleet Management and is a member of the Audit Committee and the Compensation & Corporate Governance Committee. 

She is the Global Chief Economist and Risk Strategist of Guy Carpenter & Company, LLC, the reinsurance and risk advisory operating company of Marsh & McLennan Companies. Ms. Lamm-Tennant is an advisor to C-Suite Executives and Board Members of global (re)insurance with emphasis on enterprise risk modeling, implementation of risk-based decision processes and high value strategies resulting in capital efficiencies and profitable growth. Before joining Guy Carpenter in 2007, Ms. Lamm-Tennant was the founding President of General Reinsurance Capital Consultants (GRCC). Prior to her executive positions in industry, she was a tenured professor and currently holds the Laurence and Susan Hirsch Chair in International Business at the Wharton School, University of Pennsylvania and Adjunct Professorship at the University of Wisconsin. Ms. Lamm-Tennant currently serves on the Board of Directors of Selective Insurance Group and the International Insurance Society. Prior Board experience includes Ivans (an insurance technology provider) where she was instrumental in the sale of Ivans to Ability, a portfolio company of Bain Capital. Other prior Board experience includes Turner Investment Advisors and Focus Trust Fund, American Risk and Insurance, and Financial Analyst Society.

Joan holds a Ph.D. in Finance and Investments from the University of Texas, Austin. In addition, Joan holds an M.B.A. in Finance from St. Mary's University, San Antonio, Texas and a B.B.A. with Honors in Accounting from St. Mary's University, San Antonio, Texas.

bigraphy image

William W. Lovatt, CFA, FCPA, FCGA


Mr. Lovatt serves as director of Element Fleet Management and is Chair of the Risk & Credit Committee as well as a member of the Audit Committee. He previously served as Chairman on Element Financial's board of directors before the company's separation into Element Fleet Management Corp. and ECN Capital Corp.

Mr. Lovatt brings 40 years of investment and senior management expertise. He is one of Canada's most respected financial services executives having served as Executive Vice President and Chief Financial Officer of Great-West Lifeco Inc., Great-West Life Assurance Company, London Life Insurance Company and Canada Life Assurance Company. Mr. Lovatt joined Great West-Life in 1979 serving in various positions in the insurer's investments department.

Mr. Lovatt served as a member of the Accounting Standards Oversight Council from 2000 to 2006 and in 2009, following the global financial crisis, was asked to serve the Canadian Government on the Department of Finance's Advisory Committee on Liquidity in the Financial Markets. Mr. Lovatt received his Bachelor of Commerce (Hons.) degree from the University of Saskatchewan in 1975, his Chartered Financial Analyst designation in 1983 and became a Fellow Certified General Accountant in 2003. 

bigraphy image

Rubin McDougal, MBA


Rubin McDougal was appointed a director of Element Fleet Management in May 2018. He brings extensive finance, public-company compliance and financial reporting experience, having successfully guided diverse financial organizations in the past.

Throughout his career, Mr. McDougal has held global finance leadership roles in Asia, Europe and the United States. From 2014 to 2017, he was a director of Novitex Enterprise Solutions, a managed services provider in the document outsourcing industry, where he also acted as Chair of the Audit Committee. From 2009 to 2016, Mr. McDougal acted as the Chief Financial Officer of CEVA Logistics, a global supply chain services provider based in Amsterdam. Prior to this, Mr. McDougal acted as Chief Financial Officer of CNH Global NV, a manufacturer and financial services provider in the agricultural and construction equipment industries, from 2006 to 2009.

Mr. McDougal holds a Master of Business Administration from Western Michigan University.

bigraphy image

Andrew Clarke, MBA


Andrew Clarke has 20 years of experience in the transportation industry. Since 2015, Mr. Clarke has been the Chief Financial Officer of C.H. Robinson, Inc. of Minneapolis, Minnesota, a NASDAQ-listed corporation and one of the world’s largest third-party logistics providers. From 2007 until 2013, Mr. Clarke was the Chief Executive Officer of Panther Expedited Services, Inc. of Seville, Ohio, a premium logistics provider that focuses on the automotive, life sciences, governmental and manufacturing segments.

From 2001 to 2006, Mr. Clarke served in various executive roles, including as Senior Vice President and Chief Financial Officer, at Forward Air Corporation, a NASDAQ-listed, diversified transportation services corporation. Mr. Clarke has been a director of several public companies, including Forward Air Corporation and Pacer International, Inc., a publicly-traded company engaged in third-party logistics services, where he served as Chairman of the Audit Committee and member of the Compensation and Nominating & Corporate Governance Committees.

Mr. Clarke holds a Master of Business Administration from the University of Chicago Booth School of Business. 

bigraphy image

Alexander Greene


Alexander Greene has over 35 years of corporate finance and private equity experience. Mr. Greene served as a Managing Partner and Head of US Private Equity at Brookfield Asset Management Inc. from 2005 to 2014. Prior to joining Brookfield, Mr. Greene was a Managing Director and Co-Head of Carlyle Strategic Partners, a private equity fund of The Carlyle Group, and a Managing Director at Wasserstein Perella where he served as an investment banker to large and mid-cap businesses, focusing on leveraged finance and recapitalization transactions.

Mr. Greene is presently Chairman of the Board of Modular Space Corporation, a leading North American supplier of temporary modular space and permanent modular construction; a director of USA Truck Inc., a publicly traded dry van truckload carrier; and a director of Ambac Financial Group, a publicly traded provider of financial guarantees, in addition to having served as a director of other private and publicly traded companies.

Mr. Greene is President of the Armonk Independent Fire Company and holds a bachelor’s degree in Finance from The George Washington University.

View the members of each board committee for Element Fleet Management Corp.

thumbnail image

Never miss an update

Subscribe to Element Fleet news and thought leadership today.

Have a question?

We're here to help. Whether you're a fleet manager, driver or supplier, our fleet management experts have the answers. Connect with us today.