CIT Appoints Scott T. Parker Chief Financial
July 02, 2010 08:33 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 the appointment of Scott T. Parker (43) as
Executive Vice President, Chief Financial Officer effective July 2, 2010. He will report directly to Chairman and
Chief Executive Officer John A. Thain.
Mr. Thain said, “Scott’s unique set of financial and operational skills coupled with his deep experience in the financial
services sector will complement our senior leadership team and benefit our organization on a broad scale. His many
accomplishments in financial controls, portfolio management, operational efficiency and capital allocation will be
invaluable as we advance CIT’s business objectives.”
Parker will serve as the Company’s Principal Financial Officer and oversee all financial operations including the
Accounting, Tax, Treasury and Investor Relations departments.
Parker most recently served as Chief Operating Officer and Chief Financial Officer of Cerberus Operations and
Advisory Company LLC, an affiliate of Cerberus Capital Management, L.P. Before joining Cerberus in 2006, he
spent 17 years in various financial leadership roles within the industrial and financial services businesses at General
Electric Company, most recently as the Chief Financial Officer for GE Capital Solutions. Prior to GE Capital
Solutions, Parker was Chief Financial Officer of GE Corporate Financial Services.
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Founded in 1908 and headquartered in New York City, CIT (NYSE: CIT) is a bank holding company with
approximately $45 billion in finance and leasing assets that provides financial products and advisory services to small
and middle market businesses. Operating in more than 50 countries across 30 industries, CIT provides an