Dick Heather was a founder of Peterson, Howell & Heather (currently PHH Arval) in 1946. The company's three founding partners had worked together at Butler Brothers, a Chicago-based national wholesaler of general merchandise, prior to WWII. Heather served in the Navy during the war and following his discharge, decided to join Harley Howell and Duane Peterson in their proposed venture to find a better way for companies to manage their sales fleets. Heather brought a wealth of sales and marketing savvy to the new company. He was instrumental selling this new concept and helping the idea of fleet management take root within corporate offices.
He served as PHH's Chairman of the Board from 1962-1971, and under his leadership, the company expanded and diversified the nature and scope of PHH's outsourced services.
He was inducted into the AF Fleet Hall of Fame in 2008.