Ellen R. Alemany has been appointed CEO and president of CIT Bank, effective immediately. CIT also appointed Robert C. Rowe, Steve Solk and Kenneth A. Brause, CRO, president of CIT Business Capital and treasurer, respectively.
CIT announced that CEO John A. Thain will retire effective March 31, 2016 and will be replaced by Ellen R. Alemany. CIT also said corporate controller Carol Hayles will be promoted to CFO effective November 1, 2015.
CIT Group announced that Ellen R. Alemany has been named to CIT’s board of directors, effective immediately. Alemany is the former head of RBS Americas and served as CEO for RBS Citizens Financial Group.