Mr. Raubenstine brings with him an extensive background in the accounting profession, having served as an assurance and business advisory services partner with PricewaterhouseCoopers, LLP (PwC). He had been associated with the firm for 39 years. Other noteworthy roles included oversight responsibility for PwC's CPA Licensure Compliance Group, national assignments as independence consulting partner, Accounting, Auditing and SEC consulting partner, and director of Accounting, Auditing and SEC for the Atlantic Region of PwC. He has been active in professional associations throughout his career, including the Institute of Management Accountants, and the American and Pennsylvania Institutes of Certified Public Accountants. Mr. Raubenstine is currently a member of the Board of Directors and the Audit Committee of Stonebridge Financial Corporation, a West Chester, PA-based community internet bank; serves as president and as a Board member of the Bucks County Economic Development Corporation; is a member of the Board of Directors and Finance Committee of the Pennypack Ecological Restoration Trust; and is a member of the Accounting Advisory Council of Rider University. Mr. Raubenstine is a Certified Public Accountant, a Certified Management Accountant and a Certified Financial Manager.
“Clair Raubenstine's extensive public company accounting background will serve PHH well in today's complex business and regulatory environment”
"Clair Raubenstine's extensive public company accounting background will serve PHH well in today's complex business and regulatory environment," said president and chief executive officer, Terry Edwards.
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 ten retail originators of residential mortgages in the United States(1), and its subsidiary, PHH Arval, is the second-largest fleet management services provider in the United States and Canada(2). For additional information about the company and its subsidiaries please visit our website at www.phh.com.
(1) Inside Mortgage Finance, February 2006
(2) Automotive Fleet Fact Book, June 2005
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", "may increase", "may fluctuate" and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts.
You should consider the areas of risk described under the heading "Forward Looking Statements" in our periodic reports under the Securities Exchange Act of 1934 as amended, and those risk factors included as Exhibit 99 thereto, titled "Risk Factors Affecting our Business and Future Results," in connection with any forward-looking statements that may be made by us and our businesses generally. Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to release publicly any updates or revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required by law.
Facebook
Twitter
LinkedIn
Delicious
Reddit
StumbleUpon
Digg
MySpace
Newsvine
Google Bookmark
Yahoo! Bookmark
Email
Email 
