CIT Announces Senior Management Succession Plan
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October 22, 2015 8:08 AM EDT
Macquarie upgraded CIT Group (NYSE: CIT) from Neutral to Outperform with a price target of $65.00.
For an analyst ratings summary and ratings history on CIT Group click here. For more ratings news on CIT Group click here.
Shares of CIT Group closed at $39.88 yesterday.
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October 21, 2015 4:17 PM EDT
CIT Group (NYSE: CIT) announced that Chief Executive Officer John A. Thain will retire effective March 31, 2016, and will continue to serve as Chairman of the Board of Directors, and that CIT Board Member Ellen R. Alemany will become a member of the management team as Vice Chairman effective November 1, 2015, and upon Mr. Thains retirement become Chief Executive Officer. The Board also announced that Vice Chairman Steven Mnuchin will step down from Management effective March 31, 2016, and will remain as a member of the Board of Directors. The Company announced the appointment of CIT... More
