Ingredient’s Jay Forbes to Retire; Laura Dottori-Attanasio to Succeed – Operations

Ingredient Fleet Administration Corp. introduced on Jan. 23 that its president and CEO Jay Forbes will retire on Could 10, 2023, coinciding with the corporate’s annual normal assembly. Ingredient’s Board of Administrators has appointed Laura Dottori-Attanasio to succeed Forbes.

To facilitate a seamless transition, Dottori-Attanasio will be part of Ingredient on Feb. 15, initially as president earlier than assuming the CEO function on Could 10. As well as, Forbes has agreed to function a strategic advisor to the CEO and board chair for a two-year interval post-retirement.

“On behalf of the board, I wish to thank Jay for the exceptional monitor file of success he has achieved over the course of his tenure as CEO,” Ingredient Chair David Denison mentioned. “Earlier than becoming a member of the corporate in June 2018, Jay acknowledged the potential in Ingredient’s underlying enterprise mannequin and had the non-public conviction and braveness to tackle the problem of realizing that potential at a time of nice uncertainty for the corporate. Jay initially led a complete transformation of all points of the corporate’s operations, put in place a high-performance management crew and tradition, and strengthened its monetary place by attaining an funding grade credit standing. Having solidified the corporate’s basis, Jay then orchestrated a pivot to development which, regardless of the appreciable headwinds posed by the pandemic and new car manufacturing shortages, has led to file working and monetary efficiency for Ingredient. One of many clearest indications of Jay’s optimistic impression on the corporate is the truth that Ingredient’s market capitalization has elevated virtually fourfold throughout his time as CEO.”

Forbes was named president and CEO in 2018. He got here to Ingredient from Winnipeg-based Manitoba Telecom Providers, the place he served as president and chief government from 2015 to 2017. Previous to that function, he served as president and CEO of Teranet, Inc., a Toronto developer of land registration techniques. Forbes has additionally held management roles with Ingram Micro and Aliant.

“Understanding Jay’s intentions, the board launched a proper succession course of throughout 2022, and we’re completely delighted it has culminated in our appointment of Laura Dottori-Attanasio. Dottori-Attanasio has had an intensive and really profitable profession up to now inside the monetary providers sector, together with serving in various senior roles inside Canadian Imperial Financial institution of Commerce over the previous 14 years. Most lately, she served as senior government vp, and head of private and enterprise banking, overseeing a crew of 12,600 workers within the supply of recommendation, providers, and merchandise that generated $8.2 billion in annual income. Dottori-Attanasio’s confirmed monitor file of success in main complicated organizations and operations, coupled along with her familiarity with the Ingredient group, ideally positions her to imagine the CEO function and additional advance our development technique going ahead.”

Incoming President and CEO Dottori-Attanasio mentioned: “Having identified the corporate for a while, I’m impressed by what Jay and the Ingredient crew have achieved, firstly by the transformation and now by the pivot to worthwhile income development. I’m each honored and excited to affix the crew and construct on the spectacular momentum created to-date.”