CIT Group

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CIT Group

COMPANY

Founded by Henry Ittleson in 1908 as the Commercial Credit and Investment Company, St. Louis, MO. It relocated to New York City in 1915, changing its name to Commercial Investment Trust (CIT). Received $2.8B in federal stimulus, 2008. Entered Chapter 11 bankruptcy on 1 November 2009.

Official Website:
http://www.cit.com/

Industry:
Finance

Ticker:
NYSE:CIT

Corporate headquarters:
New York City

Sales:
$4.6B (2004)

Employees:
5,800 (2004)

EXECUTIVES

Name Occupation Birth Death Known for

Albert R. Gamper, Jr. Business c. 1942 CEO of CIT Group, 1987-2004

Jeffrey M. Peek Business c. 1947 CEO of CIT Group, 2004-09

John A. Thain Business 26-May-1955 CEO of CIT Group

CURRENT BOARD MEMBERS OR DIRECTORS

Name Occupation Birth Death Known for

William M. Freeman Business c. 1952 CEO of Arbinet-thexchange, 2004-05

Susan M. Lyne Business c. 1951 CEO of Martha Stewart Living Omnimedia

Daniel A. Ninivaggi Business c. 1966 CEO of Icahn Enterprises LP

Marianne Miller Parrs Business c. 1945 CFO of International Paper, 2005-07

Timothy M. Ring Business c. 1957 CEO of C. R. Bard

John R. Ryan Military 15-Aug-1945 Chancellor of SUNY, 2006-07

Sy Sternberg Business 24-Jun-1943 CEO of New York Life

John A. Thain Business 26-May-1955 CEO of CIT Group

Peter J. Tobin Business c. 1943 CFO of Manufacturers Hanover, 1985-91

Lois M. Van Deusen Attorney c. 1939 Partner, McCarter & English

PAST BOARD MEMBERS OR DIRECTORS

Name Occupation Birth Death Known for

Daniel P. Amos Business c. 1951 CEO of Aflac

Gary C. Butler Business c. 1946 CEO of ADP, 2006-11

Albert R. Gamper, Jr. Business c. 1942 CEO of CIT Group, 1987-2004

Thomas H. Kean Politician 21-Apr-1935 Governor of New Jersey, 1982-90

Edward J. Kelly III Business c. 1953 CEO of Mercantile Bankshares, 2001-07

James S. McDonald Business 26-Jan-1953 12-Sep-2009 CEO of Rockefeller & Co.

Jeffrey M. Peek Business c. 1947 CEO of CIT Group, 2004-09

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