PHH Corporation has announced that Jim Halliday, senior vice president and chief business development officer, North America, and president, PHH Canada, has been appointed interim president, PHH Arval, effective immediately. He succeeds George Kilroy who has resigned from the company.

The company will commence a search for a permanent president, PHH Arval, to ensure the best possible leader for the business. Halliday, who will be considered a candidate, is a 10-year veteran of PHH and has held leadership positions in client sales, client relations, and marketing and sales support functions across North America.

"The fleet business is performing in line with our expectations for 2013 and is well-positioned to continue its record of delivering results for our customers and our shareholders. We will continue to execute on our strategic plan for the fleet business during this transition," said Glen Messina, president and CEO of PHH Corporation. "We thank George for his 38 years of service and wish him the very best in the years to come."

The company also announced that John Yeldezian, vice president, finance, has been appointed interim senior financial officer, PHH Arval, effective immediately. Yeldezian, who has been with PHH for more than 25 years, succeeds Brad Howatt. The company will commence a search for a permanent senior financial officer, PHH Arval. Yeldezian will be considered a candidate.