FINSwire Jan 20 2010

CIT Group Names Interim CEO

FINSwire Team

CIT Group is taking a page out of BofA's book and publicizing its intensive search for a permanent CEO. To that end, it has named Peter J. Tobin, a current member of the board of directors, as interim CEO while it searches for the perfect candidate for the top job (rumor has it John Thain is one of the leading candidates). Will the search take as long as BofA's? Only time will tell.

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