Former Motorlease Corporation President Daniel A. Leary Named to Fleet Hall of Fame

Farmington, CT, September 30, 2013 – Farmington, CT-based Motorlease Corporation today announced the Company’s former President and CEO, Daniel A. Leary, was inducted into the 2013 Fleet Hall of Fame on Thursday, September 12 at the Automotive Fleet Leasing Association’s (AFLA) 45th annual meeting and conference in Scottsdale, Arizona. The award, sponsored by the AFLA and Automotive Fleet magazine, recognizes innovators who have made significant contributions to the commercial fleet industry. Leary’s son Jack, CEO of Motorlease, accepted the award at the event, stating, “I am proud to accept this award on behalf of my father, whose life’s work in this industry brought him great success as well as great satisfaction. He would have been humbled by this recognition.” Hall of Fame inductees must have careers of 10 or more years, and are selected by their peers by online ballot. The Fleet Hall of Fame was established in 2008.   

            Leary joined Motorlease in 1960, working in sales and general management. Together with his partner, Charles O’Neill, he helped pioneer the concept of outsourced fleet management − handling the fleet process from procurement through insurance, maintenance, and reselling, and was instrumental in developing new remarketing strategies for Motorlease. He became President of the Company in 1976 and led the Company until his retirement in 1993, then served on the Company’s Board of Directors until his death in 2011. During his tenure, Motorlease expanded its focus from individual lessees and small fleets to its current niche in the small- to mid-sized fleet. In addition, under his leadership, the Company tripled in size, from about 10 employees serving a fleet of 600 vehicles to 30 employees with a fleet of 3,000. Leary was an active member of the American Automobile Leasing Association (AALA) throughout his career, and served on its board of directors from 1981 to 1993. Leary began his career with IBM in 1948 before joining the U.S. Navy, and later worked for Cities Service (now CITGO). He received a BA in Economics from Georgetown University, Washington D.C., and an MBA from the Tuck School of Business at Dartmouth College, Hanover, NH, and was a veteran of the Korean War.

About Motorlease Corporation

For more than 65 years, The Motorlease Corporation has been a leader in providing automobile leasing services to small and mid-sized fleets. Founded in 1946 and headquartered in Farmington, CT, with offices throughout the United States, the Company specializes in fleet management, purchasing, selling, repairs, maintenance, insurance, and financing. Additional information is available at www.motorleasecorp.com