CIT Vendor Finance announced the appointments of Michael Fox as Sales Director for Transportation and Construction and Michael Oksiutik as Associate Director for Business Development.

Fox will be responsible for leading sales activities and achieving growth within the Transportation and Construction Industry. Oksiutik will be responsible for developing new partnerships within Technology, Office Equipment, Healthcare, Transportation and Construction, as well as developing new vendor market segments that align to CIT’s core competencies. Both will report to Blake Macaskill, Managing Director of CIT Canada.

“The addition of these two key sales leaders complements our growth strategy,” said Mr. Macaskill. “Consistent with that strategy, we continue to attract top talent from within the industry. Fox and Oksiutik will help us achieve our goals as we look to capitalize on the scale and deep relationships CIT Canada maintains.”

Fox has 20 years of experience in the equipment financing sector, most recently with Valiant Trust Company where he was Managing Director of Sales & Service. Prior to Valiant Trust Company he served in roles of increasing responsibility with GE Capital Canada.

Oksiutik has nearly 10 years’ experience in the sector, most recently with De Lage Landen Financial Services Canada, a subsidiary of Robobank, where he was program manager and then business development manager. Prior to DLL, Oksiutik held various roles at GE Capital Vendor Finance.

CIT Global Vendor Finance is a leader in developing business solutions for small businesses and middle market companies for the acquisition of equipment and value-added services. It creates tailored equipment financing and leasing programs for manufacturers, distributors, and product resellers across industries that are designed to help them increase sales. Through these programs, it provides equipment financing and value-added services, from invoicing to asset disposition, to meet its customers’ needs.