CIT Group Inc.- The middle-market lender announced that CEO John Thain will retire on March 31, 2016. He will be replaced by Ellen Alemany. In addition, CIT (NYSE: CIT) announced that corporate controller Carol Hayes has been promoted to CFO, effective, Nov. 1. Thain is the former CEO of Bank of Merrill Lynch before those two banks merged. He took over CIT in 2010.
Cole Schotz PC- James Stefanick recently joined the law firm’s corporate group in New York. He focuses on middle-market M&A in the media, manufacturing, industrials and consumer sectors. Previously, Stefanick was an M&A counsel for Dechert LLP.