2012-10-01 22:40:57 -
Mt. Laurel, NJ - October 1, 2012 - PHH Corporation (NYSE: PHH) ("PHH" or the
"Company") announced today the appointment of Jon A. Boscia and Jane D. Carlin
to its Board of Directors.
Mr. Boscia was appointed as a Class III director and as a member of the Board's
Audit Committee effective September 27, 2012. Mr. Boscia was appointed to fill
the vacancy on the Board of Directors created as a result of the retirement of
Mr. James W. Brinkley on June 30, 2012.
Ms. Carlin was appointed as a Class II director and as a member of the Board's
Finance and Risk Management Committee effective September 27, 2012.
Jim Egan, Non-Executive Chairman of the Board of PHH Corporation, said, "We are
extremely pleased to have Jon and Jane join our Board. Both are highly
accomplished senior executives with extensive experience in the financial
services sector. Jane brings to our Board deep knowledge and managerial
experience in areas important to PHH - legal and regulatory compliance and risk
management. Jon's extensive experience and success leading a publicly traded
financial services company and serving on a number of public and private company
boards across a variety of industries brings additional leadership, governance
and financial oversight skills to the Board. I am confident Jane and Jon will be
valued contributors as PHH continues to execute on its strategies and build
shareholder value."
About Jon A. Boscia
Jon A. Boscia is founder of Boardroom Advisors, LLC, a board governance
consultancy firm, and currently serves as President. He served as President of
Sun Life Financial Inc. from 2008 to 2011. In 2007, Mr. Boscia retired as
Chairman and Chief Executive Officer of Lincoln National Corporation, a
diversified financial services organization, where he served in various
capacities since 1983. Mr. Boscia currently serves on the Board of Directors of
the Southern Company. He holds a bachelor's degree from Point Park University
and an MBA from Duquesne University.
About Jane D. Carlin
Jane D. Carlin served as Managing Director for Morgan Stanley Group from 2006 to
2012. During this time, she served as Global Head for the Financial Holding
Company Governance and Assurance Department and the Operational Risk Management
Department. From 2003 to 2006, Ms. Carlin served as Managing Director and Global
Head of the Bank Operational Risk Oversight Department for Credit Suisse Group.
Prior to that, she served as Managing Director and Deputy General Counsel of
Banking, Credit and Regulatory Relationships at Morgan Stanley Group. Ms. Carlin
holds a J.D. from the Benjamin N. Cardozo School of Law and a B.A in Political
Science from State University of New York at Stony Brook.
About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading provider
of business process management services for the mortgage and fleet industries.
Its subsidiary, PHH Mortgage, is one of the largest originators and servicers of
residential mortgages in the United States,(1) and its subsidiary, PHH Arval, is
a leading fleet management services provider in the United States and Canada.
PHH is dedicated to delivering premier customer service and providing value-
added solutions to its clients.
(1) Inside Mortgage Finance, Copyright 2012.
Contact Information:
Investors
Jim Ballan
jim.ballan@phh.com
856-917-4311
Media
Dico Akseraylian
dico.akseraylian@phh.com
410-771-2038
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originality of the information contained therein.
Source: PHH Corporation via Thomson Reuters ONE
[HUG#1645547]
