CIT COO Mason to step down

By IBTimes Staff Reporter | February 01 2010 7:24 PM

CIT Group, a commercial lender that recently emerged from bankruptcy, said its president and chief operating officer, Alexander Mason, will step down later this month.

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CIT named Mason as COO in June 2008. He was previously a vice chairman and COO at Mercantile Bankshares Corp.

Mason will step down on Feb 26, CIT said.

(Reporting by Dan Wilchins; editing by Gunna Dickson)

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