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Article: CIT Chief Throws In Towel; Peek will step down as chairman and CEO at the end of the year.(Personnel File)(Jeffrey Peek)(CIT Group Inc.)(James Simons will retire from Renaissance Technologies Corp.)(Manuel Falco and James Bardric joins Citigroup Inc.)
- Article from:
- Investment Dealers' Digest
- Article date:
- October 16, 2009
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Byline: Editorial Staff
CIT Group, the finance company struggling to stay out of bankruptcy, said on Monday that its chairman and chief executive, Jeffrey Peek, will resign. His resignation is effective Dec. 31. The company said its board has formed a search committee to hire a replacement. Peek joined CIT in 2003 as president and chief operating officer. He was previously
vice chairman of Credit Suisse First Boston and responsible for that firm's financial services division. At the Swiss bank, Peek was also on the group executive board and the operating committee.
Prior to Credit Suisse, Peek worked for Merrill Lynch for nearly 20 years. While ...