Glen A. Messina is the new chief operating officer at PHH Corp. in Mount Laurel, N.J., where he will oversee, among other things, the operations of PHH Mortgage.
Under the new structure, Luke Hayden, president of PHH Mortgage, will report to Messina. Messina reports to PHH's president and chief executive, Jerry Selitto.
In the announcement of Messina's hiring, Selitto explained that PHH created the COO position because of the changing regulatory and secondary market environments. Messina's job will be to develop PHH's "business models, processes and technologies to address the continuous change in our industries," Selitto said. Messina also will be in charge of PHH's fleet services business.
Selitto said he will concentrate on "the future strategic direction and market share growth opportunities of both of our businesses, as well as partnerships and broader business relationships, the ever-changing regulatory environment, the continued diversification of our funding and the delivery of attractive, sustainable returns to our shareholders."
Messina, who was the CEO of GE Chemical and Monitoring Solutions, had once been chief executive and CFO of GE's mortgage services business.
