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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

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

CURRENT BOARD MEMBERS OR DIRECTORS

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

PAST BOARD MEMBERS OR DIRECTORS

NameOccupationBirthDeathKnown 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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