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Jim Halliday Named President of PHH Arval
(Thomson Reuters ONE Via Acquire Media NewsEdge)
Mt. Laurel, NJ - February 19, 2014 - PHH Corporation (NYSE: PHH) ("PHH" or the
"Company") announced today that Jim Halliday has been named President of PHH
Arval, the Company's fleet management services subsidiary. Halliday has served
as Interim President of PHH Arval since December 2013.
"I'm pleased to announce Jim's appointment," said Glen Messina, president and
CEO of PHH Corporation. "Jim has a deep understanding of our Fleet business,
and I am confident that, under his leadership, PHH Arval will sustain and build
on its position as an industry leader."
Halliday joined PHH Arval in 2003 and has held a variety of senior leadership
roles including Senior Vice President and Chief Business Development Officer for
PHH Arval's North American operations and President of PHH Arval's Canadian
fleet operations. He has more than 20 years of experience in business
development, operations and management in the financial services and information
management industries. Prior to joining PHH Arval, he held sales, operations
and management positions with Fundata Canada, Hollinger Mutual Fund Group and
Vincent Associates.
"I'm honored to have been chosen to lead PHH Arval," said Halliday. "Our
unwavering commitment to customer service, product innovation and operational
excellence has helped to establish us as a leader in the fleet management
services industry. I look forward to PHH Arval continuing to deliver industry
leading customer service and proactive solutions to our customers and their
drivers."
About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading provider
of business process management services for the mortgage and fleet industries.
Its subsidiary, PHH Mortgage, is one of the largest originators and servicers of
residential mortgages in the United States(1), and its subsidiary, PHH Arval, is
a leading fleet management services provider in the United States and Canada.
PHH is dedicated to delivering premier customer service and providing value-
added solutions to its clients. For additional information about PHH and its
subsidiaries, please visit the Company's website at www.phh.com.
(1) Inside Mortgage Finance, Copyright 2013.
About PHH Arval
PHH Arval, a subsidiary of PHH Corporation (NYSE: PHH), is a leading fleet
management services provider in the United States and Canada. PHH Arval provides
fleet management solutions to a broad range of industries. Through consultative
expertise, flexible customer service, and innovative technology, PHH Arval helps
clients reduce costs and increase productivity. PHH Arval is a founding member
of the PHH Arval Global Alliance, which operates more than two million vehicles
across North America, Europe, Australia, Africa, Asia and Latin America. For
more information, visit www.phharval.com, LinkedIn, Twitter or call (800) ONLY-
PHH.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. Generally,
forward looking-statements are not based on historical facts but instead
represent only our current beliefs regarding future events. All forward-looking
statements are, by their nature, subject to risks, uncertainties and other
factors that could cause actual results, performance or achievements to differ
materially from those expressed or implied in such forward-looking statements.
Investors are cautioned not to place undue reliance on these forward-looking
statements. Such statements may be identified by words such as "expects,"
"anticipates," "intends," "projects," "estimates," "plans," "may increase," "may
fluctuate" and similar expressions or future or conditional verbs such as
"will," "should," "would," "may" and "could."
You should understand that forward-looking statements are not guarantees of
performance or results and are preliminary in nature. You should consider the
areas of risk described under the heading "Cautionary Note Regarding Forward-
Looking Statements" and "Risk Factors" in our periodic reports filed with the
U.S. Securities and Exchange Commission, including our most recent Annual Report
on Form 10-K and Quarterly Reports on Form 10-Q, in connection with any forward-
looking statements that may be made by us or our businesses generally. Such
periodic reports are available in the "Investors" section of our website at
http://www.phh.com and are also available at http://www.sec.gov. Except for our
ongoing obligations to disclose material information under the federal
securities laws, applicable stock exchange listing standards and unless
otherwise required by law, we undertake no obligation to release publicly any
updates or revisions to any forward-looking statements or to report the
occurrence or non-occurrence of anticipated or unanticipated events.
Contact Information:
Investors
Jim Ballan
jim.ballan@phh.com
856-917-4311
Media
Dico Akseraylian
dico.akseraylian@phh.com
410-771-2038
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: PHH Corporation via GlobeNewswire
[HUG#1763223]
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