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PHH ends lengthy CFO search with new hire

PHH Corp. (PHH) will have a new chief financial officer after a roughly yearlong search.

Robert Crowl will assume the role after the New Jersey company reports its results for the first three months of this year. He’ll also become an executive vice president as of April 26.

Crowl, formerly of Sun Bancorp (SNBC) replaces David Coles, who has worked with PHH on an interim basis since March 2011.

The switch of CFOs is one of several recent executive moves at the mortgage and auto finance firm. PHH’s treasurer and mortgage head exited in March, and CEO Glen Messina took the helm early this year.

PHH recorded a $127 million loss, or $2.26 a share, in 2011. The company has not announced when it will release first-quarter results.

Andrew Scoggin

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