Daily News: December 13, 2013

CIT Names NA Commercial Finance CFO, Investor Relations SVP

CIT said it appointed Barbara A. Callahan as senior vice president and head of Investor Relations. She replaces Ken Brause, who has been appointed chief financial officer of the North American Commercial Finance segment. The changes are effective as of January 1, 2014.

“Barbara has been an important member of our Finance team for many years with experience in accounting, corporate finance, liquidity management, capital management and, most recently, investor relations,” said Scott T. Parker, chief financial officer of CIT. “Her background and experience position her well to lead the Investor Relations function.”

Callahan joined the investor relations team in April 2012 from CIT’s Treasury department where as assistant treasurer she most recently ran the capital management function and was responsible for the development and ongoing management of CIT’s economic capital framework, capital planning and rating agency relationships. She also previously had responsibility for managing CIT’s market and liquidity risks, as well as for its global secured and unsecured funding programs, derivative execution, investments and bank relationships.

Callahan joined CIT in November of 1999, in connection with CIT’s acquisition of Newcourt Credit. Prior to the acquisition, she held various positions in treasury and accounting within Newcourt Credit and AT&T Capital, which was acquired by Newcourt in 1998. Prior to joining AT&T Capital, she was a senior auditor at Deloitte & Touche.