CIT Names David M. Moffett to Board of
July 27, 2010 09:03 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--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
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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.
CIT MEDIA RELATIONS:
C. Curtis Ritter, 212-461-7711
Director of External Communications & Media Relations
CIT INVESTOR RELATIONS:
Ken Brause, 212-771-9650
Executive Vice President