CIT names ex-Merrill CEO John Thain as chairman, CEO

By Associated Press
Monday, February 8, 2010 - Updated 39d 24h ago

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NEW YORK — John Thain is getting a second chance.

CIT Group Inc., the lender that is trying to regain its former stature after almost collapsing during the financial industry crisis, said late Sunday it has hired the former Merrill Lynch & Co. CEO as its chairman and chief executive.

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Former Merrill Lynch CEO John Thain to lead the company as chairman and CEO

CIT names ex-Merrill CEO John Thain as chairman, CEO

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