30-year Veteran Announces Retirement from PHH Arval

Sparks, MD (July 24, 2012) – Jeff Smith, Senior Vice President of Sales and International Development, PHH Arval, has announced his retirement, after 30 years with the Company. He will continue to serve as a senior consultant supporting the PHH Arval Global Alliance.

Smith began his career with PHH in 1982 as Regional Sales Manager in the truck and equipment division. He was promoted to Vice President of Sales in 1990. In 2000, he was named Senior Vice President of Sales and a member of PHH Arval’s Senior Leadership Team. Following the Company’s 2004 acquisition of FirstFleet Corporation, a leading truck asset management company, Smith assumed the role of Senior Vice President, North American Truck Sales. Most recently, he was responsible for large fleet sales and for leading PHH Arval’s international business through the PHH Arval Global Alliance. 

“Jeff’s dedication, commitment and relationship management skills have helped us build the client portfolio we have today. We are lucky to have been the beneficiary of Jeff’s talents for so many years, and I thank him for his leadership and innumerable contributions,” said George Kilroy, President and CEO, PHH Arval.

In announcing his retirement, Smith said, “PHH has been and continues to be an exciting place to work. I’m grateful for the opportunity I’ve had to represent the best capabilities in the industry to some of the best clients any company could ever have. The entire workforce at PHH has been a team with whom any sales leader would be lucky to have worked.”

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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 fleet management solutions to a broad range of industries and has a client base that includes nearly one-third of Fortune 500 companies. Through consultative expertise, flexible customer service, and innovative technology, PHH Arval helps clients reduce costs and increase productivity. For more information, visit www.phharval.com or call (800) ONLY-PHH.