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PHH Corp. Creates New COO Position to Lead Fleet and Mortgage Operations

July 01, 2011

MOUNT LAUREL, NJ - PHH Corp. named Glen A. Messina, 49, to the role of Chief Operating Officer, effective July 13, 2011, a newly created position in the company. In this new role, PHH said Messina will have responsibility for the company’s two business units – Mortgage and Fleet Management - and will report to Jerry Selitto, President and Chief Executive Officer.

Luke Hayden, President of PHH Mortgage, George Kilroy, President of PHH Arval, Jeff Bell, Senior Vice President and Chief Information Officer, and Milton Prime, Senior Vice President, will report to Messina, according to the news release.

“Given the level of activity at both federal and state levels, it is apparent that broad regulatory change will continue to occur in the foreseeable future, as well as significant change in the secondary mortgage market,” said PHH President and CEO Jerry Selitto. “Industry changes create new opportunities; it is imperative that PHH continue to adapt in this new environment and exploit the opportunities to profitably grow our Mortgage and Fleet businesses and enhance shareholder value. To best enable PHH to stay ahead of these changes and continue our market share growth, we have created the new position of COO.”

Messina joins PHH with more than 25 years of management experience, including the past 17 years at General Electric Company (GE), according to PHH. Most recently, he served as Chief Executive Officer of GE Chemical and Monitoring Solutions, a global water and process specialty chemicals services business, with 3,000 employees in more than 100 countries.

His previous leadership roles at GE included Chief Financial Officer of the company’s $6.9 billion equipment services business, and CEO and earlier CFO of GE's mortgage services business. He earned a BS in Marketing from Ramapo College, and an MBA in Finance from Fairleigh Dickinson University.

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