CIT Appoints Michael Jones Managing Director of CIT Equipment Finance
September 08 2016 - 8:30AM
Business Wire
Will Drive Business Growth and Continue
Delivery of Superior Customer Service
CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of
commercial lending and leasing services, today announced the
appointment of Michael Jones (51) as Managing Director of CIT
Equipment Finance, effective September 25. Jones will be based in
Jacksonville, Florida and will report to Steve Solk, President, CIT
Business Capital.
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Michael Jones Appointed Managing Director
of CIT Equipment Finance (Photo: Business Wire)
“I’m excited to welcome Michael to CIT. He’s a high-performing
executive with over 20 years of experience in equipment finance
across a wide variety of industry verticals,” said Solk. “Michael’s
finance, leadership, operations and sales expertise will all help
support CIT Equipment Finance’s future growth and the evolution of
our business strategy. Further, he will continue to provide the
high level of service that our vendor finance customers have come
to expect from CIT.”
Jones said, “It’s a great privilege to join the Equipment
Finance team at CIT, which is respected as a leader in the
equipment finance industry and has an excellent reputation as a
financial partner in the vendor community. I look forward to
applying my experiences in senior equipment finance roles to my
position at CIT.”
Jones earned a B.S. in Accounting and Finance from Widener
University. He also served as a Platoon Leader and an Army Ranger
and was deployed several times to Central America.
Michael Jones – Biography
Mr. Jones was previously Senior Vice President and Managing
Director of Vendor Equipment Finance at EverBank Commercial
Finance, with P&L responsibility for the division, which
consisted of four discrete business verticals. He successfully
transformed the organization’s go-to-market strategy and increased
pre-tax income.
Prior to that role, he served within EverBank Equipment Finance
as Chief Originations Officer for a variety of industry
verticals.
Before joining EverBank, Jones served as Executive Director of
the Office Products Group at U.S. Bank Equipment Finance.
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About CIT Equipment Finance
CIT Equipment Finance is a leader in developing business
solutions for small businesses and middle market companies for the
acquisition of equipment, software and value-added services. It
creates tailored equipment financing and leasing programs to help
increase sales for manufacturers, distributors and product
resellers. cit.com/equipment-finance
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, 973-597-2020Director,
Media RelationsMatt.Klein@cit.comorCIT INVESTOR
RELATIONS:Barbara Callahan, 973-740-5058Senior Vice
PresidentBarbara.Callahan@cit.com
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