On Tuesday, CIT Group, the commercial lender which recently emerged from a long stint of bankruptcy, confirmed that its Chief Financial Officer will soon be retiring, while also announcing that it is much closer to filling out its board with new leaders.      The retirement of CFO Joseph M. Leone is set to happen on April 30, and a replacement has not been confirmed yet.

56 year old Mr. Leone has served the company for a total of 25 years, and he joined in 1995 as the Finance Chief, after working as the Executive Vice President of one of the group's divisions.

CIT, which will say goodbye to its current CEO Jeffrey M. Peek, who is set to retire by the end of the year, will also soon have to start a search for a new Chief.

Also, the group named 4 new board members, inching closer to the goal detailed on a regulatory filing, of appointing a new 13 member board on Friday.

The new additions to the board are 45 year old Michael J. Embler, Arthur B. Newman, 66, Daniel A. Ninivaggi, 45 and 56 year old R. Brad Oates. All these members have served as top management of important financial institutions.