PHH Corporation Announces Changes to Board of Directors
2012年1月27日 - 7:43AM
ビジネスワイヤ(英語)
PHH Corporation (NYSE: PHH) (“PHH” or the “Company”) today
announced the appointment of Charles P. Pizzi, former President and
CEO of Tasty Baking Company and recently retired Chairman of the
Federal Reserve Bank of Philadelphia, to its Board of Directors,
effective January 26, 2012. In addition, James W. Brinkley, a
director since January 31, 2005, has informed the Board of
Directors of his intention to retire from the Board as of June 30,
2012.
Jim Egan, Non-Executive Chairman of the Board of PHH, said, “We
are very pleased to announce the appointment of Charlie Pizzi to
our Board. He is a highly regarded business leader who brings more
than 30 years of experience to the PHH Board of Directors. His
perspectives and skills in organizational development and business
strategy will be invaluable to PHH as we build on the market
leadership positions of our businesses.”
Mr. Pizzi will serve as a Class III director and as a member of
the Board’s Human Capital and Compensation Committee.
Mr. Brinkley, 74, has served on the PHH Board since the spin-off
of PHH from Cendant Corporation in 2005, and has served on the
Corporate Governance and Human Capital and Compensation
Committees.
Mr. Egan continued, “The Board joins me in thanking Jim Brinkley
for the very significant contributions he has made to the Board and
to PHH. His management and leadership experience was an invaluable
guide during a critical time in the development of our company. His
wisdom and sound business judgment helped PHH maintain its industry
leadership position in both its fleet and mortgage businesses
during some very difficult and challenging economic times. We are
extremely grateful to Jim for all that he has done and wish him the
very best.”
Background on Charles P. Pizzi
Mr. Pizzi, 61, was a member of the Board of Directors of the
Federal Reserve Bank of Philadelphia from 2006 through 2011 and
served as its Chairman from 2010 through 2011. He served as the
President and Chief Executive Officer of Tasty Baking Company from
2002 until its merger with Flowers Foods, Inc. in 2011. While at
Tasty Baking Company, Mr. Pizzi transformed the company into the
world’s largest “green” bakery and was awarded the 2010 Baker of
the Year Award. From 1989 to 2002, Mr. Pizzi was the President and
Chief Executive Officer of the Greater Philadelphia Chamber of
Commerce, where he tripled the revenues of the Chamber during his
14-year tenure. Mr. Pizzi currently serves on the boards of
Brandywine Realty Trust (NYSE: BDN), Allied Barton Security
Services, Independence Blue Cross and FS Energy and Power Fund. Mr.
Pizzi holds a B.S. in Business Administration from LaSalle
University and an M.S. from the University of Pennsylvania.
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 top five retail originators of residential mortgages in the
United States1, and its subsidiary, PHH Arval, is a leading fleet
management services provider in the United States and Canada. PHH
has more than 5,000 employees dedicated to delivering premier
customer service and providing value-added solutions to its
clients.
1 Inside Mortgage Finance, Copyright 2011
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