Cit

By James 2026-05-12 00:50:31

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Cit. CIT began offering in 1928 and expanded operations into Europe in 1929. With international tensions rising prior to , CIT closed its German operations in 1934. Dietz succeeded Ittleson as president of the company in 1939.

During the war, CIT offered its 2,000 employees a month's bonus, life insurance, and a guaranteed job on return if they served in the. Ittleson died at age 77 on October 27, 1948. In 1960, Walter Lundell succeeded Dietz as president of the company.

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