NEW YORK—CIT Group, a leading provider of financing to small businesses and middle market companies, has appointed Margaret Tutwiler as executive vice president, head of communications, marketing and government relations. She will report directly to chairman and chief executive officer John Thain.
According to Thain: "Margaret's extensive governmental affairs and communications experience will play an important role as we look to strengthen CIT's brand identity, which remains focused on supporting the small business and middle markets. Her strategic and creative thinking will help us position CIT for success and I look forward to working again with Margaret."
Tutwiler will be responsible for overseeing internal and external communications activities, including employee communications, and media and government relations; public affairs practices, including community affairs and philanthropy, and corporate brand initiatives, including advertising and marketing.
Most recently, Tutwiler served as senior vice president and head of global communications and public affairs of Merrill Lynch, where Thain was chairman and chief executive until the company’s merger with Bank of America in January 2009. Earlier, she was head of global communications and government relations of NYSE Euronext and its predecessor company NYSE Group.
Tutwiler's broad governmental affairs experience spans more than 20 years and included various senior level positions in the Reagan and both Bush administrations. Most notably, during the presidency of George W. Bush, she served as the U.S. Undersecretary of State for public diplomacy and public affairs under Secretary of State Colin Powell and as U.S. Ambassador to the Kingdom of Morocco.