CIT Group to Name Interim CEO - TheStreet



) --

CIT Group

(CIT) - Get Report

will appoint an interim CEO next week to replace Jeff Peek, who is scheduled to step down from the post, according to a

Bloomberg News

report, which cited a company spokesman.

CIT, one of the nation's largest lenders to small and mid-sized companies, filed for bankruptcy late last year after the

Federal Deposit Insurance Corp.

refused to guarantee its short-term debt, as it had done for

General Electric

(GE) - Get Report

and large banks like

Bank of America

(BAC) - Get Report



(C) - Get Report


JPMorgan Chase

(JPM) - Get Report


After an unusually quick reorganization, CIT Group re-emerged as a publicly traded company on Dec. 10 and has rallied some 25% since then. The lender

has named some high-profile financial industry veterans to its board

, and there have been reports it may hire former

Merrill Lynch


NYSE Euronext


boss John Thain as a permanent replacement for Peek.

CIT's shares were down about 2% on light volumes Friday.


Written by Dan Freed in New York