PHH Corporation

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PHH Corporation

COMPANY

Mortage and vehicle fleet management.

Founded 1946 by Duane Peterson, Harley Howell, and Richard Heather.

Acquired 1997 by HFS, Inc., which later became a part of Cendant.

Spun off of Cendant in 2005.

General Electric and Blackstone Group attempted to acquire PHH in 2007, but the deal failed likely due to tighter money conditions surrounding the mortgage crisis. As stipulated by contract, PHH received a $50M "reverse termination" payment from Blackstone.

Official Website:
http://www.phh.com/

Industry:
Business Services

Ticker:
NYSE:PHH

Corporate headquarters:
Mt. Laurel, NJ

Sales:
$2.24B (2007)

Employees:
5500

EXECUTIVES

Name Occupation Birth Death Known for

Robert D. Kunisch Business c. 1942 CEO of PHH Corporation, 1988-97

CURRENT BOARD MEMBERS OR DIRECTORS

Name Occupation Birth Death Known for

A. B. Krongard Business 1936 CIA Executive Director, 2001-04

PAST BOARD MEMBERS OR DIRECTORS

Name Occupation Birth Death Known for

Paul X. Kelley Military 11-Nov-1928 28th USMC Commandant, 1983-87

Robert D. Kunisch Business c. 1942 CEO of PHH Corporation, 1988-97

Donald J. Shepard Business 1946 Chairman of Aegon NV

Alexander Trowbridge Politician 12-Dec-1929 27-Apr-2006 US Secretary of Commerce, 1967-68

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