16/04/2012 14:36:00

CIT Names Former Bank of America Executive To CIO Role

Related content

By Andrew R. Johnson

Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- CIT Group Inc. (CIT) continues to round out its management with the appointment of former Bank of America Corp. (BAC) executive Stacey Goodman to the roles of chief information officer and executive vice president.

Business lender CIT, led by former Merrill Lynch Chief Executive John Thain, said Monday that Goodman will report to President Nelson Chai. Her appointment is effective April 30.

Goodman previously was managing director of global technology and operations at Bank of America and held a similar role prior to that at UBS AG (UBS, UBSN.VX).

Goodman's "global IT experience will be integral as a best-in-class technology platform will assist us in creating tailored financing solutions for our small business and middle market clients," Chai said in a statement.

At CIT, Goodman will oversee about 700 IT employees worldwide and will be responsible for maintaining the company's technology systems and pinpointing areas for consolidation and cost reduction, the company said.

Goodman, 49, is the latest executive appointment for CIT. Last week the company named former NYSE Euronext (NYX) executive Andrew Brandman to the roles of chief administrative officer and executive vice president.

Thain, the former CEO of NYSE Euronext, has been bulking up CIT's management team since taking the helm of the company in February 2010, shortly after the business lender emerged from bankruptcy proceedings. Hires have included former colleagues Chai and communications and government relations head Margaret Tutwiler, both former NYSE and Merrill Lynch executives.

CIT's shares recently were inactive premarket Monday.

-By Andrew R. Johnson, Dow Jones Newswires; 212-416-3214; andrew.r.johnson@dowjones.com

(END) Dow Jones Newswires

April 16, 2012 09:36 ET (13:36 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

Form 8.3 - Telecity Group Plc

07/07/2015 15:25:19
FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% O..

Form 8.3 - Phoenix IT Group Plc

07/07/2015 13:01:30
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 8.5 (EPT/RI) - Thorntons plc

07/07/2015 08:09:59
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Baring Private Equity Asia to Acquire Orangefield Group
2
Clearance of global agreement with AstraZeneca and receipt by Innate Pharma of $250m initial payment
3
JUNGBUNZLAUER AGREES TO ACQUIRE INGREDION MANUFACTURING FACILITY IN PORT COLBORNE, ONTARIO, CANADA
4
Novartis' new heart failure medicine LCZ696, now called Entresto(TM), approved by FDA to reduce risk of cardiovascular death and heart failure hospitalization
5
New CFO appointed

Related stock quotes

Bank of America Corp 16.69 -1.5% Stock price decreasing
CIT Group Inc 46.84 0.0% Stock price decreasing
UBS N 19.65 0.0% Stock price unchanged
UBS Group AG Registered .. 21.17 0.7% Stock price increasing
Bank of America COM STK .. 16.42 17.3% Stock price increasing

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2015   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
08 July 2015 03:11:28
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150706.1 - EUROWEB5 - 2015-07-08 04:11:28 - 2015-07-08 03:11:28 - 1000 - Website: OKAY