PHH Corporation announced that it has promoted two executives effective December 19, 2008. Mark E. Johnson, 48, who has served most recently as vice president and treasurer of PHH Corporation since February 2005, has been promoted to senior vice president and treasurer of PHH Corporation.
Previously, Mr. Johnson served as vice president, secondary marketing of mortgage company from May 2003 to February 2005. He first joined PHH Corporation in 1994 and held various treasury and finance positions of increasing responsibility at PHH and its former parent company, Cendant Corporation between 1994 and 2003.
Mark R. Danahy, 49, who has served as senior vice president and chief financial officer of PHH Mortgage since April 2001, has been appointed president and chief executive officer of PHH Mortgage.
Terence W. Edwards, who served as president and chief executive officer of PHH Mortgage in addition to his responsibilities as president and chief executive officer of PHH Corporation, will transfer his operating segment responsibilities to Mr. Danahy. Mr. Edwards remains president and chief executive officer of PHH Corporation.
Mr. Danahy first joined mortgage company in December 2000 as controller, and previously served as senior vice president, capital markets operations, for GE Capital Market Services.-Business Wire
