CIT Group made two appointments to its Equipment Finance division in support of industrial market segment growth, with Mike Edwards and Jennifer Houck joining the company.

Edwards was appointed to the business development team and will be responsible for new finance programs with manufacturers in the construction, agriculture, material handling and transportation segments. He will report to Vince Mollica, senior vice president of Business Development.

“Edwards brings 20 years of experience and a strong track record of success in establishing new finance programs for manufacturers in the industrial market,” Mollica said. “By leveraging CIT’s FlexAbility product that delivers industry-leading deal structuring and invoicing capabilities, Edwards will help manufacturers accelerate growth and enhance the customer experience.”

Houck was hired to originate and manage dealer and distributor relationships in the Western territory. She will report to Harold Ray, industrial commercial leader.

“Houck’s decade of experience in the equipment finance space will enhance our team’s capability to structure commercial finance programs for both new and existing manufacturers and distributors,” Ray said. “The addition of Houck to the Western states team completes our current sales coverage nationally.”

Edwards joined CIT from EverBank Commercial Finance where he worked as a business development manager overseeing industrial and transportation vendor programs nationwide. Houck joined CIT from Xtreme Financial Services where she served as the executive finance manager and was responsible for a captive global finance operation for the fourth largest U.S. equipment rental company.