Pictured from left to right: Francois Piot, Director, International Business Office, Arval; Steve Hudson, Chairman and Chief Executive Officer, Element Financial Corporation; Philippe Bismut, CEO, Arval; Philippe Noubel, Deputy CEO, Arval; Brad Nullmeyer, President, Element Financial Corporation; Bart Beckers, Chief Commercial Officer, Arval
The long standing 14 year partnership between Arval and PHH Arval, which was acquired by Element Financial Corporation in July of this year, recently was extended when representatives from both entities signed an enhanced strategic agreement to form the Element-Arval Global Alliance.
“The Element-Arval Global Alliance continues the longest North American-European global alliance in the fleet industry,” said Steven K. Hudson, Chairman and Chief Executive Officer of Element Financial. “More importantly, it gives Element exclusive access to a cost efficient platform from which we can seamlessly serve the fleet management needs of clients that have fleet assets outside of North America. ”
“We are very pleased that we have extended this agreement thereby strengthening and solidifying our global reach,” added Philippe Bismut, Chairman and Chief Executive Officer of Arval. “This marks the continuation of a productive and long-term partnership that provides our international clients with superior and innovative services, advice and tools.”