CIT Appoints Scott Parker as CFO

CIT Group, a provider of financing to small businesses and middle market companies, has appointed Scott Parker as executive vice president, chief financial officer (CFO). He will report directly to chairman and chief executive officer (CEO) John Thain.

Parker will serve as the company’s principal financial officer and oversee all financial operations including the accounting, tax, treasury and investor relations departments.

Parker most recently served as chief operating officer (COO) and CFO of Cerberus Operations and Advisory Company, an affiliate of Cerberus Capital Management. Before joining Cerberus in 2006, he spent 17 years in various financial leadership roles within the industrial and financial services businesses at General Electric Company, most recently as the CFO for GE Capital Solutions. Prior to this, Parker was CFO of GE Corporate Financial Services.

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