Baltimore SmartCEO Names George Kilroy “EcoCEO”

Sparks, MD – December 7, 2010 – PHH Arval’s president and CEO, George Kilroy, is a 2010 Baltimore SmartCEO magazine EcoCEO award winner.  This award recognizes companies that are considered catalysts for eco-friendly practices and technologies in their industries and local community.  The winners were recognized at a networking luncheon on November 19, 2010.

PHH Arval is proactive in its role as a corporate environmental leader in the automotive fleet industry. Under the direction of George Kilroy, PHH Arval was the first fleet management company to introduce a formal environmental program for fleets, PHH GreenFleet®, working with the Environmental Defense Fund to help companies reduce their environmental footprint. Companies that have fully implemented PHH GreenFleet see on average a 14 percent reduction in their fleet emissions and a 7 percent reduction in operating costs.

In addition to its commitment to helping clients reduce their environmental impact, PHH Arval has also led the way in reducing its own carbon footprint. In 2008, it joined the U.S. Environmental Protection Agency’s Climate Leaders Program; last year, it set a goal to reduce company-wide greenhouse gas emissions 12 percent by 2014.  PHH has already reduced its electricity consumption by 20 percent in the past five years and obtained an Energy StarÒ rating that puts the company in the top 25 percent of all office buildings in its class.

“At PHH, we know that going green is more than just a trend,” said George Kilroy. “Many of our clients have established aggressive environmental goals, so reducing their fleet emissions is instrumental in helping them achieve these initiatives. On behalf of PHH and our employees, I am honored to accept this award and look forward to continuing our eco-friendly practices and helping the fleet industry do the same.”

About PHH Arval
PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH], is a leading fleet management services provider in the United States and Canada. PHH Arval provides outsourced fleet management solutions to corporate clients, including nearly one-third of the Fortune 500 companies. Through consultative expertise, flexible customer service, and award-winning Internet technology, PHH Arval helps clients reduce costs and increase productivity. For more information, visit www.phharval.com, or call 800 ONLY PHH.

About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. 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. For additional information about the company and its subsidiaries, please visit our Web site at www.phh.com