Fleet One names Frankenfield SVP, division president

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Fleet One, a provider of financial service solutions to companies with fleets of vehicles and the merchants that serve them, recently named John Frankenfield senior vice president for Fleet One and president of Fleet One Factoring, the company’s provider of custom accounts receivable financing programs.

In his new role, Frankenfield is responsible for growing Fleet One Factoring and its programs, which are designed exclusively for the transportation industry. Frankenfield will focus on business development and strategic alliances to expand the division’s programs, services and customer base.

“We are excited to have attracted another proven business leader,” says Andy Roberts, president and chief executive officer of Nashville, Tenn.-based Fleet One. “John’s background and track record make him the right fit to grow Fleet One Factoring and service our existing customers.”

Prior to joining Fleet One, Frankenfield was national sales and marketing manager for Summit Financial Resources, a provider of accounts receivable financing to small- and medium-sized businesses. Before that, Frankenfield worked at Private Business Incorporated, where he was involved in developing the company’s business manager program, the private business capital direct selling program and the strategic alliance division, which sourced out deal flow to various funding entities.