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CIT Group Inc. (CIT)

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CIT Group Inc.
One CIT Drive
Livingston, NJ 07039
United States - Map
Phone: 973-740-5000

Index Membership:N/A
Industry:Credit Services
Full Time Employees:4,900

Business Summary 

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. Its Transportation & International Finance segment offers leasing and financing solutions to operators and suppliers in the aviation and railcar industries. It offers aircraft leasing, lending, asset management, and advisory services to airlines; and term loans, leases, pre-delivery financing, fractional share financing, and vendor/manufacturer financing for corporate and private owners of business jets. This segment also provides secured loans, sale-leasebacks, and bareboat charters to owners and operators of oceangoing cargo vessels; and equipment financing, lending, and leasing to small and middle-market businesses. The company’s North American Commercial Finance segment offers commercial services, such as factoring, receivable management products, and secured financing to apparel, textile, furniture, home furnishings, and consumer electronics industries; corporate finance, including financing options and advisory services to commercial and industrial, communications, media and entertainment, energy, and healthcare industries; leasing and equipment loan solutions; and commercial real estate loans to developers and other commercial real estate professionals. The company also offers various products and services, including acquisition and expansion financing, asset-based loans, credit protection, debtor-in-possession/turnaround financing, deposits, enterprise value and cash flow loans, financial risk management, import and export financing, insurance, letters of credit/trade acceptances, mergers and acquisition advisory services, and secured lines of credit, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.

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Corporate Governance 
CIT Group Inc.’s ISS Governance QuickScore as of Feb 1, 2016 is 1. The pillar scores are Audit: 2; Board: 1; Shareholder Rights: 2; Compensation: 2.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. John A. Thain , 60
Chairman and Chief Exec. Officer
Ms. Ellen R. Alemany , 60
Vice Chairman, Member of Audit Committee, Member of Regulatory Compliance Committee, Chief Exec. Officer of CIT Bank, N.A., Pres of CIT Bank, N. A., and Directors of CIT Bank, N.A.
Mr. C. Jeffrey Knittel , 57
Pres of Transportation & International Fin.
Ms. Carol Hayles , 55
Chief Financial Officer and Exec. VP
Ms. Stacey Goodman , 53
Chief Information & Operations Officer and Exec. VP
Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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