NEW YORK--(BUSINESS WIRE)--CIT
Group Inc. (NYSE: CIT), a leading provider of financing to small
businesses and middle market companies, today announced that David M.
Moffett (58) has been named to CIT’s Board
of Directors effective July 27, 2010. He will serve as a member of
CIT’s Audit Committee.
Moffett is the former Chief Executive Officer of Federal Home Loan
Mortgage Corporation (Freddie Mac). Prior to this, he served as a Senior
Advisor with the Carlyle Group LLC. He has also served as Vice Chairman
and Chief Financial Officer of U.S. Bancorp, and has held senior
positions with a number of other banking institutions including Firstar
Corporation, Bank of America, Security Pacific, Sooner Federal Bank &
Trust Co., and First National Bank & Trust Co.
Moffett earned a BA degree in Economics from the University of Oklahoma
and an MBA from Southern Methodist University.
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About CIT
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more
than $40 billion in finance and leasing assets. It provides financing
and leasing capital to its more than one million small business and
middle market clients and their customers across more than 30
industries. CIT maintains leadership positions in small business and
middle market lending, factoring, retail finance, aerospace, equipment
and rail leasing, and global vendor finance. www.cit.com
The Busiest Equipment Lease Finance Site on The Web