Element Fleet Management names CIBC exec Laura Dottori-Attanasio as next CEO

Element Fleet Management says president and chief executive Jay Forbes will retire this year and will be replaced by CIBC executive Laura Dottori-Attanasio.

The company says Forbes will retire at the company's annual meeting on May 10.

Dottori-Attanasio, currently senior executive vice-president and group head for Canadian personal and business banking at CIBC, is leaving the bank on Feb. 1.

She is expected to join Element on Feb. 15 as president before assuming the CEO role once Forbes steps down.