Element Financial Corp. recently announced a pair of new leadership roles on its fleet management remarketing team.

The leadership of Element’s remarketing team now consists of Bill Cieslak and Paul Seger, both of whom have the title of vice president of remarketing.

Cieslak heads up upstream dealer direct and strategic sales channels, sales of medium/heavy truck, trailer and material handling equipment assets. Additionally, he also leads Element-owned dealerships and truck remarketing, and heads up strategic relations with the company’s bank syndication partners.

Meanwhile, Seger leads the remarketing via auctions and Element’s third-party remarketing services business.

“Service and growth are top priorities for Element,” said Tom Keilty, senior vice president, operations for Element’s North American fleet management business. “Having Bill and Paul in these key roles allows us to take a multi-channel approach to our U.S. remarketing services, combining auctions with a number of strategic sales channels, which helps to maximize returns for our customers.”

This new follows Element finalizing its acquisition of GE Capital’s U.S.-based fleet management operations last year. 

Element had previously announced in June that it and GE Capital had entered into a definitive agreement for Element to acquire GE Capital’s fleet management operations in the U.S., Mexico, Australia and New Zealand for an all-cash purchase price of $8.6 billion Canadian, which at the time translated to roughly $6.9 billion in U.S. currency.