CIT Appoints James J. Duffy as Executive Vice President and Chief Human Resources Officer
August 30 2016 - 08:30AM
Business Wire
Advancing Strategies to Develop Talent and
Corporate Culture Are Top Priorities
CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of
commercial lending and leasing services, today announced the
appointment of James J. (Jim) Duffy (62) as Executive Vice
President and Chief Human Resources Officer, effective immediately.
Duffy, who previously held the role of Global Head of Human
Resources at CIT prior to leaving in 2010, will serve on the
company’s Executive Management Committee and report directly to
Chief Executive Officer Ellen R. Alemany.
“We’re pleased to have Jim return to CIT. He is an accomplished
senior executive with more than 40 years of diverse
responsibilities and valuable experience leading and managing Human
Resources functions,” said Alemany. “Jim has a strong record and
proven approach to helping companies improve talent acquisition and
retention. His skills enhancing performance and total rewards
management and diversity and inclusion programs will help drive
profitable growth, deliver shareholder value and fuel employee
engagement.”
Mr. Duffy will also advance strategies and programs to help
promote a corporate culture that aligns employees with CIT’s
business goals, facilitates sustained growth, and complies with
heightened regulatory requirements.
“I’m excited to bring my experience and knowledge back to CIT.
This is a great organization that I’m proud to have the opportunity
to help support through enriched HR processes and programs,” said
Duffy.
Duffy serves on the Board of Jobs for America's Graduates and is
a longtime supporter and sponsor of the Center for Advanced Human
Resource Studies at Cornell University. He’s a member of the Human
Resources Policy Association, the Chief Human Resources Advisory
Board, Center for Executive Succession, University of South
Carolina, and the Chief Human Resources Officer Board of i4cp. He
earned a B.S. in Industrial and Labor Relations from Cornell
University.
James J. (Jim) Duffy – Biography
Mr. Duffy was previously Chief Human Resources Officer at Ally
Financial Inc., where he led large-scale change, cultural and
organizational, while developing and retaining best-in-class
talent. His responsibilities encompassed all of the traditional
elements of HR, including compensation, staffing, leadership
development and talent management, talent acquisition, employee
relations, and organizational development.
Prior to Ally, Duffy was the Chief Human Resources Officer at
CIT Group Inc.
Prior to joining CIT in 2006, he was the Senior Vice President
of Human Resources for Citigroup's Global Consumer Group—a $13
billion business promoting a full range of consumer products, such
as retail banking, credit cards, consumer finance, student loans,
and mortgages, in more than 50 countries, through more than 200,000
employees.
Before joining Citigroup, Duffy held senior HR positions at
other major banking and manufacturing companies such as
AlliedSignal, Ingersoll-Rand, Banker's Trust, and GE.
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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 a wide variety of
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
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CIT MEDIA RELATIONS:Matt Klein, (973) 597-2020Vice
President, Media RelationsMatt.Klein@cit.comorCIT INVESTOR
RELATIONS:Barbara Callahan, (973) 740-5058Senior Vice
PresidentBarbara.Callahan@cit.com
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