PHH Arval’s Rob Stowers Elected to ELFA Independent Middle Market Business Council Steering Committee

SPARKS, MD – Rob Stowers, senior vice president, Truck and Equipment Leasing at PHH Arval, has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Independent Middle Market Business Council Steering Committee.

The Independent Middle Market Business Council Steering Committee represents non-bank-related organizations primarily involved in transactions between $250,000 and $5 million, either individually or through lines. The committee analyzes the needs of companies in its segment and recommends to the Board how to meet those needs.

It is one of five primary constituent bodies at ELFA. The committees are an integral part of ELFA's operations, providing critical input on the direction of the association and serving as a bridge between the membership and the Board of Directors and staff.

Mr. Stowers is responsible for the management of PHH FirstFleet, the truck and equipment leasing division of PHH Arval.

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 call (800) ONLY-PHH.

About ELFA

The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $628 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org. Follow ELFA on Twitter @ELFAonline.