PHH Arval taps Stowers to lead truck/equipment leasing

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PHH Arval announced that Rob Stowers has been named senior vice president for PHH FirstFleet, the truck and equipment leasing division of PHH Arval, effective immediately. Stowers, who will assume responsibility for the management of PHH FirstFleet, previously was with Altec Capital, where he was managing director of the equipment financing business.

Prior to joining Altec, he was with NationsBanc Leasing Corp. as senior vice president, responsible for the Utility and Large Fleet Leasing organization. Stowers – who returns to PHH Arval, where he previously had spent 12 years with the company – also served four years of commissioned service in the U.S. Army and separated from the Army as a captain in the Adjutant General Corp.

“Rob’s extensive background in truck leasing and business management will be invaluable to PHH Arval as we pursue opportunities to grow our truck and equipment leasing business,” says George Kilroy, president and chief executive officer of PHH Arval. “I am confident that his leadership experience, customer-focused approach and knowledge of the truck marketplace are ideal complements to our existing management team, and he will play an important role in establishing a world-class truck leasing and services organization.”