Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Chuck Reynolds Joins PHH as Director, Truck Sales

September 16, 2003

PHH Arval announced Sept. 16 that Chuck Reynolds has joined the company as director of truck sales. In this new role, Reynolds will be responsible for enhancing PHH’s position as one of the largest truck and equipment lessors in North America, according to the company."In addition to a wealth of truck-related knowledge and expertise, Reynolds brings with him a demonstrated record of success in sales and service with several national truck and leasing organizations," the company said in a statement.His role at PHH is part of the company's strategic initiative designed to augment its current medium and heavy truck capabilities to meet the growing truck needs of its clients.PHH said its truck capabilities already have a solid foundation. According to a 2001 Equipment Leasing Association survey, PHH ranked as the 10th largest truck and equipment lessor. The company has more than 60 employees with medium- and heavy-duty expertise currently supporting the truck needs of clients in the areas of acquisition, technical consulting, maintenance, remarketing, accident management, finance, and supplier management.About PHH ArvalFounded in 1946, PHH Arval says it is one of the world’s leading vehicle management companies.A subsidiary of Cendant Corp., PHH Arval provides integrated leasing, management and card payment solutions to thousands of corporate, government and service-related fleets, including nearly one-third of the Fortune 500 companies.In conjunction with its strategic partners throughout the world, PHH Arval manages over 1.3 million vehicles worldwide. The company says it helps clients reduce costs and increase productivity.For more information about PHH, call (800) ONLY PHH or visit www.phh.com.
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