CIT Group, which went through a prepackaged bankruptcy last year, will appoint a new chief executive this week, when the company’s board of directors meets, according to a company spokesman.
“CIT’s board of directors will appoint an interim chief executive officer when it meets early next week. The search for a permanent CEO continues to progress as the board seeks to fill this position in an expeditious manner,” Curt Ritter, spokesman for CIT, confirmed with IDD via an email on Friday.
CIT’s previous CEO, Jeffrey Peek, announced last October that he would quit the company. His resignation was effective Dec. 31 and his last day was today.
Peek joined CIT in 2003 as president and chief operating officer. Prior to joining CIT, he was vice chairman of Credit Suisse First Boston and responsible for its financial services division, a group that included Credit Suisse Asset Management, Pershing and private client services. At the Swiss bank, he was on the group executive board and operating committee.
Prior to Credit Suisse, Peek was with Merrill Lynch for nearly 20 years. While there, he rose to the level of executive vice president and was president of Merrill Lynch Investment Managers. He also served on the executive management committee of Merrill Lynch.
Late last year, the company’s CFO, Joseph Leone, announced he would also retire. That retirement is effective on April 30.