CIT Appoints Louis Barone Managing Director, Northeast Regional Sales Manager of CIT Commercial Services
September 25 2015 - 8:30AM
Business Wire
CIT Group Inc. (NYSE:CIT) cit.com, a leading provider of
commercial lending and leasing services, today announced the
appointment of Louis Barone as Managing Director, Northeast
Regional Sales Manager of CIT Commercial Services, a leading
provider of factoring services in the United States. He will report
directly to Marc Heller, Executive Vice President, Northeast
Regional Manager and International Manager of CIT Commercial
Services.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20150925005127/en/
Louis Barone, Managing Director,
Northeast Regional Sales Manager of CIT Commercial Services (Photo:
Business Wire)
“Lou’s strong sales skills, credit expertise, deal structuring
ability and demonstrated leadership capabilities will add great
value to our organization,” said Jon Lucas, President, CIT
Commercial Services. “He will build upon his deep industry
experience and CIT’s standing as a leading provider of factoring
solutions to spearhead our efforts to grow new factoring and
lending business in the northeastern United States.”
Barone has many years of experience working to meet the
financial needs of the consumer products sector. He joins CIT from
Israel Discount Bank (IDB), where he was Senior Vice President,
Head of IDB Factors since 2010. Prior to joining IDB, Barone held
various management positions at several financial institutions,
including GMAC Commercial Finance and HSBC Business Credit. He also
previously served as Vice President, Business Development at
CIT.
About CIT Commercial Services
CIT Commercial Services is one of the nation’s leading providers
of factoring and financing to consumer product companies. We tailor
business credit solutions that help companies increase sales,
improve cash flow, reduce operating expenses and eliminate customer
credit losses. Our clients are vendors that sell to a broad range
of public and private retailers, wholesalers and distributors
across the nation and abroad.cit.com/commercialservices
About CIT
Founded in 1908, CIT (NYSE:CIT) is a financial holding company
with more than $65 billion in assets. Its principal bank
subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender), has
more than $30 billion of deposits and more than $40 billion of
assets. It provides financing, leasing and advisory services
principally to middle market companies across more than 30
industries primarily in North America, and equipment financing
and leasing solutions to the transportation sector. It also offers
products and services to consumers through its Internet bank
franchise and a network of retail branches in Southern California,
operating as OneWest Bank, a division of CIT Bank, N.A. cit.com
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150925005127/en/
CIT MEDIA RELATIONS:C. Curtis Ritter, 973-740-5390Senior
Vice President of Corporate CommunicationsCurt.Ritter@cit.comorMatt
Klein, 973-597-2020Vice President, Media
RelationsMatt.Klein@cit.comorCIT INVESTOR RELATIONS:Barbara
Callahan, 973-740-5058Senior Vice
PresidentBarbara.Callahan@cit.com
CIT (NYSE:CIT)
Historical Stock Chart
From Mar 2024 to Apr 2024
CIT (NYSE:CIT)
Historical Stock Chart
From Apr 2023 to Apr 2024