People: PHH Corporation (PHH)

PHH on New York Consolidated

17.96USD
9 Feb 2010
Price Change (% chg)

$0.30 (+1.70%)
Prev Close
$17.96
Open
--
Day's High
$18.20
Day's Low
$17.73
Volume
854,166
Avg. Vol
733,823
52-wk High
$22.88
52-wk Low
$8.50

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Summary

Name Age Since Current Position
Egan, James 60 2009 Non-Executive Chairman of the Board
Selitto, Jerome 68 2009 President, Chief Executive Officer, Director
Bell, Sandra 51 2008 Chief Financial Officer, Executive Vice President
Brown, William 51 2005 SVP, General Counsel, Corporate Secretary; SVP, General Counsel and Secretary of PHH Mortgage
Johnson, Mark 49 2008 Senior Vice President, Treasurer
Danahy, Mark 49 2009 Senior Vice President, President and Chief Executive Officer - PHH Mortgage
McGrain, Jonathan 2010 Senior Vice President - Corporate Communications
Orner, Michael 41 2005 Vice President, Controller
Kilroy, George 61 2009 Director
Krongard, A. 72 2009 Director
Brinkley, James 72 2005 Director
Logan, Ann 54 2005 Director
Wetzel, Carroll 66 2010 Director
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Biographies

Name Description
Egan, James Mr. James O. Egan has been appointed as the Non-Executive Chairman of the Board of PHH Corporation effective June 17, 2009. He has served as Director of PHH Corporation since March 2009. Mr. Egan served as a Managing Director of Investcorp International, Inc., an alternative asset management firm specializing in private equity, hedge fund offerings and real estate and technology investments, from 1998 through 2008. Mr. Egan was the partner-in-charge, M&A Practice, U.S. Northeast Region for KPMG LLP from 1997 to 1998 and served as the Senior Vice President and Chief Financial Officer of Riverwood International, Inc. from 1996 to 1997. Mr. Egan began his career with PricewaterhouseCoopers (formerly Coopers & Lybrand) in 1971 and served as partner from 1982 to 1996 and a member of the Board of Partners from 1995 to 1996.
Selitto, Jerome Mr. Jerome J. Selitto is President, Chief Executive Officer, Director of PHH Corporation. Mr. Selitto worked most recently at Ellie Mae as a senior consultant and later, as a member of the senior management team to help develop a sales and marketing strategy for a new division of the company focused on linking lenders and mortgage originators on a real-time basis, allowing the lender to immediately screen for loan attributes that met their purchase criteria. Prior to that, in 2000, Mr. Selitto founded DeepGreen Financial, an innovative web-based federal savings bank and mortgage company that grew to become one of the nation's most successful online home equity lenders, originating over $5 billion in home equity loans. From 1992 to 1999, he served as founder and Vice Chairman of Amerin Guaranty Corporation (now Radian Guaranty), a mortgage insurance company he helped grow to an 8% market share and a successful IPO. Mr. Selitto previously served as a Managing Director at First Chicago Corporation and PaineWebber Inc., and as a senior executive at Kidder, Peabody & Co., William R. Hough & Company, and the Florida Federal Savings and Loan Association.
Bell, Sandra Ms. Sandra E. Bell is Chief Financial Officer, Executive Vice President of PHH Corporation since October 2008. From the end of 2006 to October 2008, Ms. Bell was the Managing Partner of Taurus Advisors, LLC, a strategic financial advisory firm involved in advising clients on investments in the financial sector. From 2004 to 2006, Ms. Bell served as Executive Vice President and Chief Financial Officer of the Federal Home Loan Bank of Cincinnati where she managed the development, profitability and risk of its core business lines and led the strategic financial management and reporting functions. Ms. Bell also served as Managing Director at Deutsche Bank Securities from 1991 to 2004.
Brown, William Mr. William F. Brown is Senior Vice President, General Counsel and Corporate Secretary of PHH Corporation and Senior Vice President, General Counsel and Secretary—PHH Mortgage. Mr. Brown serves as Senior Vice President, General Counsel and Corporate Secretary, a position he has held since February 2005 and Senior Vice President, General Counsel and Secretary of PHH Mortgage. Mr. Brown has served as Senior Vice President and General Counsel of Cendant Mortgage since June 1999 and oversees its legal, contract, licensing and regulatory compliance functions. From June 1997 to June 1999, Mr. Brown served as Vice President and General Counsel of Cendant Mortgage. From January 1995 to June 1997, Mr. Brown served as Counsel in the PHH Corporate Legal Department.
Johnson, Mark Mr. Mark E. Johnson is Senior Vice President and Treasurer of PHH Corporation since December 2008. Mr. Johnson served as Vice President and Treasurer from February 2005 to December 2008. Prior to the Spin-Off, Mr. Johnson served as Vice President, Secondary Marketing of Cendant Mortgage since May 2003 and was responsible for various funding initiatives and financial management of certain subsidiary operations. From May 1997 to May 2003, Mr. Johnson served as Assistant Treasurer of Cendant, where he had a range of responsibilities, including banking and rating agency relations and management of unsecured funding and securitization.
Danahy, Mark Mr. Mark R. Danahy serves as Senior Vice President of PHHCorporation, President and Chief Executive Officer - PHH Mortgage . He serves as Senior Vice President of PHH Corporation, a position he has held since March 2009, and President and Chief Executive Officer of PHH Mortgage, a position he has held since December 2008. From April 2001 to December 2008, Mr. Danahy served as Senior Vice President and Chief Financial Officer of PHH Mortgage, during which time he was responsible for directing the mortgage accounting and financial planning teams, which include financial reporting, asset valuation and capital markets accounting, planning and forecasting. Mr. Danahy joined Cendant Mortgage in December 2000 as Controller. From 1999 to 2000, Mr. Danahy served as Senior Vice President, Capital Market Operations for GE Capital Market Services, Inc.
McGrain, Jonathan Mr. Jonathan T. McGrain has been appointed as the Senior Vice President - Corporate Communications of PHH Corporation. He brings to PHH Corporation more than 20 years of marketing and communications experience. Most recently, he served as a consultant to financial services clients in Asia and the United States, where he developed the brand identity of the first private mortgage insurance company to be launched since the start of the financial crisis. He previously held senior management roles with VinaCapital Investment Management Ltd., Clayton Holdings, Inc. and Radian Group Inc.
Orner, Michael Mr. Michael D. Orner is Vice President and Controller of PHH Corporation since March 2005. Prior to joining the Company, Mr. Orner was employed by Millennium Chemicals, Inc. as Corporate Controller from January 2003 through March 2005 and Director of Accounting and Financial Reporting from December 1999 through December 2002. Prior to joining Millennium Chemicals, Inc., Mr. Orner served as a Senior Manager, Audit and Business Advisory Services for PricewaterhouseCoopers LLP, where he was employed from September 1989 through November 1999.
Kilroy, George Mr. George J. Kilroy is Director of PHH Corporation. He served as Acting President, Acting Chief Executive Officer of PHH Corporation from June 17, 2009 to Oct. 26,2009. He has served as Executive Vice President of PHH Corporation, President and Chief Executive Officer - PHH Arval; Director. He serves as Executive Vice President of PHH Corporation, a position he has held since March 2009, and President and Chief Executive Officer of PHH Vehicle Management Services Group LLC (“PHH Arval”), a position he has held since March 2001. Mr. Kilroy is responsible for the management of PHH Arval. From May 1997 to March 2001, Mr. Kilroy served as Senior Vice President, Business Development and was responsible for new client sales, client relations and marketing for PHH Arval’s United States operations. Mr. Kilroy joined PHH Arval in 1976 as an Account Executive in the Truck and Equipment Division and has held positions of increasing responsibility, including head of Diversified Services and Financial Services.
Krongard, A. Mr. A.B. Krongard has been appointed as Director of PHH Corporation effective June 17, 2009. He has served as Non-Executive Chairman of the Board of PHH Corporation. Since December 2004, Mr. Krongard has been pursuing personal interests. From March 2001 until December 2004, Mr. Krongard served as Executive Director of the Central Intelligence Agency. From February 1998 until March 2001, Mr. Krongard served as Counselor to the Director of Central Intelligence. Mr. Krongard previously worked in various capacities at Alex. Brown, Incorporated (“Alex. Brown”). In 1991, Mr. Krongard was elected as Chief Executive Officer of Alex. Brown and assumed the additional duties of Chairman of the Board of Alex. Brown in 1994. Upon the merger of Alex. Brown with Bankers Trust Corporation (“Bankers Trust”) in September 1997, Mr. Krongard became Vice Chairman of the Board of Bankers Trust and served in such capacity until joining the Central Intelligence Agency. Since July 2005, Mr. Krongard has served as a member of the Board of Directors of Under Armour, Inc. and currently serves as Lead Director and Chairman of its Audit Committee. Under Armour, Inc. files reports pursuant to the Exchange Act. Mr. Krongard also serves as a director of Iridium Holdings, LLC, a global satellite communications company, and the law firm DLA Piper.
Brinkley, James Mr. James W. Brinkley has served as a Director of PHH Corporation since January 31, 2005. In December 2005, Mr. Brinkley became Vice Chairman of Smith Barney’s Global Private Client Group following Citigroup Inc.’s acquisition of Legg Mason Wood Walker, Incorporated (“LMWW”). Mr. Brinkley served as a Director of Legg Mason, Inc., a holding company that, through its subsidiaries, provides financial services to individuals, institutions, corporations, governments and government agencies since its formation in 1981. Mr. Brinkley has served as a Senior Executive Vice President of Legg Mason, Inc. since December 1983. Mr. Brinkley became Chairman of LMWW, Legg Mason Inc.’s principal brokerage subsidiary, in February 2004. Mr. Brinkley previously served as LMWW’s Vice Chairman and Chief Executive Officer from July 2003 through February 2004, as its President from 1985 until July 2003 and as its Chief Operating Officer from February 1998 until July 2003.
Logan, Ann Ms. Ann D. Logan serves as Director of PHH Corporation since January 31, 2005. Since July 2000, Ms. Logan has worked with various non-profit organizations. Ms. Logan was an Executive Vice President at the Federal National Mortgage Association (“Fannie Mae”) from January 1993 to July 2000. Ms. Logan ran the single-family mortgage business at Fannie Mae from 1998 to 2000 and was the Chief Credit Officer from 1993 to 1998. From 1989 to 1993, Ms. Logan was a Senior Vice President in charge of Fannie Mae’s Northeast Regional Office in Philadelphia. Prior to joining Fannie Mae, Ms. Logan was Assistant Vice President at Standard & Poor’s Corporation in New York. From 1976 to 1980, Ms. Logan worked for the U.S. Senate Judiciary Committee and served as the Committee Staff Director in 1980.
Wetzel, Carroll Mr. Carroll R. Wetzel has been appointed as Director of PHH Corporation effective January 1, 2010. Mr. Wetzel also serves as a member of the company's Audit Committee and Finance and Risk Management Committee. He serves as a Director of Exide Technologies and Brinks Home Security. He previously served as Vice Chairman and lead director at Arch Wireless (from 2001 through 2002); as non-executive Chairman of Safety Components International (from 2000-2005) and as a director of Laidlaw International (from 2004 to 2007). Before that, he spent approximately 20 years working in investment banking and corporate finance. From 1988 to 1996, Mr. Wetzel served as co-head of the Merger and Acquisition Group at Chase (and at Chemical Bank prior to its merger with Chase) and previously served as a corporate finance officer at Dillon Read and Smith Barney. He has a B.A. from Stanford University and an M.A. and Ph.D. from George Washington University.

Basic Compensation

Name Fiscal Year Total
Egan, James --
Selitto, Jerome --
Bell, Sandra 216,503
Brown, William 915,306
Johnson, Mark --
Danahy, Mark 721,401
McGrain, Jonathan --
Orner, Michael --
Kilroy, George 1,514,060
Krongard, A. 189,096
Brinkley, James --
Logan, Ann --
Wetzel, Carroll --
As Of 30 Dec 2008

Options Compensation

Name Options Value
Egan, James 0 0
Selitto, Jerome 0 0
Bell, Sandra 0 0
Brown, William 84,106 714,383
Johnson, Mark 0 0
Danahy, Mark 127,060 1,116,989
McGrain, Jonathan 0 0
Orner, Michael 0 0
Kilroy, George 78,788 629,445
Krongard, A. 0 0
Brinkley, James 0 0
Logan, Ann 0 0
Wetzel, Carroll 0 0

Insider Trading

Name Shares Traded Price
PARSEGHIAN GREGORY J 1,121 $0.00
EGAN JAMES O 1,544 $0.00
MARINER JONATHAN D 1,163 $0.00
LOGAN ANN 1,187 $0.00
LOREN ALLAN Z 1,121 $0.00
BRINKLEY JAMES W 1,063 $0.00
SELITTO JEROME J 17,500 $0.00
PARSEGHIAN GREGORY J 4,800 $14.15
PARSEGHIAN GREGORY J 200 $14.15
EGAN JAMES O 7,000 $14.13
SELITTO JEROME J 17,500 $14.28
EGAN JAMES O 1,253 $0.00
BRINKLEY JAMES W 863 $0.00
MARINER JONATHAN D 945 $0.00
PARSEGHIAN GREGORY J 910 $0.00
LOREN ALLAN Z 894 $0.00
LOGAN ANN 963 $0.00
BROWN WILLIAM F 10,000 $21.00
DANAHY MARK 100 $20.47
DANAHY MARK 1,800 $20.10
DANAHY MARK 2,800 $20.40
DANAHY MARK 1,300 $20.43
DANAHY MARK 600 $20.49
DANAHY MARK 1,520 $20.41
DANAHY MARK 300 $20.21
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