CIT Group announced that Scott T. Parker, EVP and CFO, will leave the company in November to serve as EVP and CFO of Springleaf Holdings.

Parker joined CIT in July 2010 and has served as the company’s principal financial officer overseeing all financial operations including the Accounting, Planning, Tax, Treasury and Investor Relations departments.

At Springleaf, Parker will be CFO of Holdings, responsible for Springleaf’s Finance and Accounting functions, with a near-term priority of overseeing the integration of Springleaf and OneMain Financial following the receipt of all required approvals for and the closing of the company’s previously announced acquisition of OneMain.

Prior to CIT, Parker served as COO and CFO of Cerberus Operations and Advisory Company, an affiliate of Cerberus Capital Management. Previously, he spent 17 years in various financial leadership roles within the industrial and financial services businesses at General Electric, most recently as the CFO for GE Capital Solutions.

John A. Thain, chairman and chief executive officer, said, “Scott has been an important member of the CIT senior leadership team and has played a central role in the financial restructuring of CIT. He led our efforts to improve our liability structure as we successfully eliminated or refinanced approximately $31 billion of high-cost debt and was instrumental in our efforts to return approximately $1.7 billion to investors. In addition, he worked with the team to improve our commercial franchises, as well as oversaw the exits of our non-strategic portfolios over the past five years. On behalf of our Board of Directors, shareholders and employees I thank Scott for his dedication and commitment to CIT and wish him continued success in his future endeavors.”

Springleaf CEO Jay Levine said, “We are delighted to welcome Scott to the Springleaf team. He is a world-class executive and individual, who brings deep and broad experience and perspective across the entire range of financial functions, including Accounting, Planning, Treasury, Tax and Investor Relations. Scott joins us at a particularly important time, and we are excited about the numerous opportunities we have to deliver value for our shareholders as we bring together two best-in-class personal finance businesses to create a combined company that is financially solid and poised for growth.”

Parker said, “I am excited to join Springleaf at such an important time. Springleaf serves an important segment of the consumer economy. I look forward to working with Jay and the team to continue to develop the business to its fullest potential and to deliver value to our many stakeholders.”