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Element Adds New Truck and Equipment Team Members, Promotes Long-Time Employees


SPARKS, Md., August 1, 2016 – Element Financial Corporation (EFN: TSX), one of North America's leading fleet management and equipment finance companies, today announced the expansion of its Fleet Management Truck and Equipment team: Jeff Holtshopple, regional vice president, West, Truck Sales; Larry Galasso, regional vice president, Northeast, Truck Sales; and Don Bailey, residual value manager.

Element also bolstered the Truck & Equipment team by promoting Naeem Morris to regional vice president, Midwest, Truck Sales; Steve Byrd, CTP, to manager, Truck Services, Paola Bennett, manager, Business Development and Brad Hewitt, vice president, National Accounts.

"The expanded Element Fleet Truck and Equipment team puts together a group of talented industry veterans who will continue delivering and empowering extraordinary results for our clients," said Mike Quimby, general manager, Truck and Equipment.

More on the new hires and promotions:

  • Jeff Holtshopple, Regional Vice President, West, Truck Sales
    Also new to the Element team, Jeff Holtshopple brings over 20 years of finance industry experience, including stints at Capital One Equipment Finance and Citizens Business Bank. Based in California, he holds a bachelor's degree from the University of Wisconsin Madison.
  • Larry Galasso, Regional Vice President, Northeast, Truck Sales
    Larry Galasso brings over two decades of industry experience to Element, include time spent working for Ryder System and Lily Transportation. Responsible for the Northeast region, Galasso is based out of New Hampshire.
  • Don Bailey, Residual Value Manager
    Don Bailey brings extensive analytical and strategic financial planning experience to the Element team. He most recently worked for Penske and prior to that, served the U.S. Air Force as a MSgt (retired) during which time he earned several certifications, including a General Electric Six Sigma Green Belt.
  • Naeem Morris, Regional Vice President, Midwest, Truck Sales
    Naeem Morris spent the last two years as senior vice president, Sales at GE Capital Fleet Services (now Element Fleet Management) managing high profile clients with an impressive 100 percent retention rate. Prior to that role, he worked at a variety of automotive financing companies including Fiat Chrysler Automobiles and Daimler Truck Financial. Based in Chicago, Morris is completing his MBA at DePaul University.
  • Steve Byrd, CTP, Manager, Truck Services
    Steve Byrd has over three decades of transportation experience, with 10 years working at Element. Based in Colorado, he is an active member of many industry organizations including the Technology and Maintenance Council and the National Private Truck Council. Byrd holds the distinction of Certified Transportation Professional® (CTP).
  • Paola Bennett, Manager, Business Development
    As manager of Business Development, Paola Bennett will focus on assisting the team in the growth and maintenance of key accounts and manage the efforts of streamlining the reporting and data collection. An Element employee for four years, she previously served with the Strategic Consulting organization. Bennett is based in Fort Lauderdale and earned her MBA from Florida Atlantic University.
  • Brad Hewitt, Vice President, National Accounts
    Brad Hewitt has worked in truck sales for Element since 2002 and recently earned a promotion to vice president. Hewitt resides in the Minneapolis area and is the reigning Element Sales Executive of the Year, a distinction he has earned for three consecutive years.

Rounding out the team are John Vaughn, National Account Manager, who is focused on the agricultural industry and Chris Hepler, VP Regional Manager, Southeast, Truck Sales. Hepler recently earned the CTP designation, joining a group of transportation professionals who are raising industry standards and increasing the respect and prestige of the private fleet/transportation professional.

 For more information about Element's fleet management business, visit For more information about Element Financial Corporation, visit


About Element Financial Corporation

With total assets of approximately $23C billion, Element Financial Corporation is one of North America's leading fleet management and equipment finance companies. Element operates across North America in four verticals of the equipment finance market – Fleet Management, Rail Finance, Commercial & Vendor Finance, and Aviation Finance.

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