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    CIT Opens Washington, D.C. Office
    Announces Formation of Government Relations Group
    Wednesday, January 19, 2011 08:30 AM

    NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced the opening of its Washington, D.C. office and the appointment of Lon N. Goldstein, 39, as Senior Vice President and Director of Government Relations. He will report to Margaret D. Tutwiler, Executive Vice President and Head of Communications & Government Relations.

    Goldstein, with more than 15 years of political and legislative experience, will oversee CIT’s public policy initiatives and head the office. The Government Relations group also includes Karl Haddeland, Vice President, and Annette Valenzuela, Assistant Vice President.

    John A. Thain, Chairman and Chief Executive Officer, said, “As a leading provider of financing to small businesses and middle market companies, it is important that we take a more active role in the public policy issues affecting these important sectors. Having an experienced team located in Washington D.C. will help us forge constructive relationships and an ongoing dialogue with members of Congress and the Administration.”

    Prior to CIT, Goldstein served as Vice President, Government Relations at the National Cable & Telecommunications Association, where he was responsible for the cable industry’s federal lobbying efforts. Goldstein also worked in the government relations offices for Merrill Lynch & Co., T-Mobile USA and CTIA – the Wireless Association. Goldstein, a New Jersey native, began his career on Capitol Hill working for Congressman Dick Zimmer (R-NJ) after earning an M.Phil degree at Glasgow University (Scotland, UK) and a B.A. at Lehigh University (PA). Goldstein can be reached at Lon.Goldstein@CIT.com.

    Haddeland was most recently a Professional Staff Member for Chairman Barney Frank (D-MA) and Subcommittee Chairman Luis Gutierrez (D-IL) on the House Committee on Financial Services, where he worked on the formation of Dodd-Frank, bank capital and regulatory policy as well as consumer credit issues. A former legislative assistant in the office of Rep. Keith Ellison (D-MN), he previously served as a committee administrator at the Minnesota State Senate. Haddeland graduated from the College of Wooster with a B.A. in International Relations. Haddeland can be reached at Karl.Haddeland@CIT.com.

    Valenzuela worked on Capitol Hill for Senator Mike Crapo (R-ID) and then as a technical writer for the National Latino Council on Alcohol and Tobacco. She joined the Merrill Lynch & Co., Inc. Government Relations office in 2004, where she oversaw office operations, the Merrill Lynch PAC and supervised the student internship program. Following the acquisition of Merrill Lynch in 2008, she remained with Bank of America’s Government Affairs office until 2010, where she worked on mortgage, deposit account and credit card issues. She is currently pursuing an M.A. degree in International Commerce and Policy at George Mason University and will graduate in May 2011. Valenzuela can be reached at Annette.Valenzuela@CIT.com.

    Individuals interested in receiving future updates on CIT via e-mail can register at http://newsalerts.cit.com.

    About CIT

    Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35 billion in finance and leasing assets. It provides financing and leasing capital to its more than one million small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. www.cit.com

     

    Contact:

    CIT Media Relations:
    C. Curtis Ritter, 973-740-5390
    Vice President
    Director of External and Internal
    Communications & Media Relations
    Curt.Ritter@cit.com
    or
    CIT Investor Relations:
    Ken Brause, 212-771-9650
    Executive Vice President
    Ken.Brause@cit.com

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