CHICAGO, June 19, 2018 /PRNewswire/ -- CIT Group Inc.
(NYSE: CIT) today announced the appointment of Randy Kaploe to the senior leadership team of
CIT's Rail division.
Kaploe joins as senior vice president and will lead the Rail
division's sales efforts along the U.S. Gulf Coast, in Mexico and in Western Canada. In addition, he assumes
responsibility for managing sales involving the plastic hopper and
tank car leasing platforms. Kaploe succeeds Jeff Lytle, who became president of the Rail
unit in April.
"I am excited to welcome Randy to the Rail team," Lytle said.
"With more than two decades of experience in the railcar industry,
he has the skills and the background to hit the ground running and
immediately begin developing solutions and delivering value to our
current and future customers."
Kaploe comes to CIT from Trinity
Rail, where he was most recently employed as sales director.
He has also served as a senior account manager, portfolio manager
and quality leader at GE Capital Rail Services. He is a veteran of
the U.S. Army, in which he served as a commissioned officer, and is
a member of the Midwest Association of Rail Shippers and the
Chicago Traffic Club.
CIT's Rail division offers a full suite of railcar leasing and
equipment financing solutions to rail shippers and carriers across
North America. It manages one of
the youngest and most diversified railcar and locomotive fleets in
the industry and leverages its deep experience to empower customers
to succeed and prosper.
About CIT
Founded in 1908, CIT (NYSE: CIT) is a
financial holding company with approximately $50 billion in assets as of March 31, 2018. Its principal bank subsidiary,
CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has
approximately $30 billion of deposits
and more than $40 billion of assets.
CIT provides financing, leasing, and advisory services principally
to middle-market companies and small businesses across a wide
variety of industries. It also offers products and services to
consumers through its Internet bank franchise and a network of
retail branches in Southern
California, operating as OneWest Bank, a division of CIT
Bank, N.A. For more information, visit cit.com and follow us on
Twitter, LinkedIn, YouTube and Facebook.
CIT MEDIA
RELATIONS:
John M. Moran
212-461-5507
john.moran@cit.com
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SOURCE CIT Group Inc.