CIT Group’s equipment finance business appointed Harold Ray as director and commercial leader of industrial markets, effective immediately.

Ray is based in Atlanta and serves on the equipment finance management committee. He reports directly to Mike Jones, managing director of CIT Equipment Finance.

“Harold’s two decades of experience in winning and growing new vendor programs in the industrial sector make him ideal for this leadership position as we further build on our capabilities,” Jones said. “He is recognized in the industry for his ability to build successful finance programs for manufacturers and distributors, as well as work with C-level executives of enterprise accounts to structure leases and loans to meet their requirements.”

Since 1996, Ray has held a series of equipment finance sales positions at CIT, serving middle- and small-market commercial clients. Prior to that, he was a senior credit analyst with Heller Financial.