PHH Corporation has announced that Glen A. Messina has been named chief operating officer of the company, where he will have responsibility for PHH’s two business units— Mortgage and Fleet Management—and will report to Jerry Selitto, president and chief executive officer. Luke Hayden, president of PHH Mortgage; George Kilroy, president of PHH Arval; Jeff Bell, SVP and CIO; and Milton Prime, SVP, will report to Messina.
“Given the level of activity at both federal and state levels, it is apparent that broad regulatory change will continue to occur in the foreseeable future, as well as significant change in the secondary mortgage market," Selitto said. "Industry changes create new opportunities; it is imperative that PHH continue to adapt in this new environment and exploit the opportunities to profitably grow our Mortgage and Fleet businesses and enhance shareholder value. To best enable PHH to stay ahead of these changes and continue our market share growth, we have created the new position of COO."
Messina joins PHH Corporation with more than 25 years of management experience, including the past 17 years at General Electric Company (GE). Most recently, he served as CEO of GE Chemical and Monitoring Solutions, a global water and process specialty chemicals services business, with 3,000 employees in more than 100 countries. His previous leadership roles at GE included Chief Financial Officer of the company’s $6.9 billion equipment services business, and CEO and earlier CFO of GE's mortgage services business, which was one of the top 10 mortgage lenders in the United States. He earned a BS in Marketing from Ramapo College, and an MBA in Finance from Fairleigh Dickinson University.
“PHH is an established leader in both the Mortgage and Fleet industries, with unique business franchises that each present tremendous opportunities,” said Messina. “I look forward to working with Jerry and the team to seize those opportunities, by building on recent successes in process improvement to further drive business growth and excellent customer satisfaction at reduced cost.”