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William M. Freeman

William M. Freeman


Freeman joined the CIT board in July 2003. He retired in February 2010 as chairman of the board of Arbinet-thexchange Inc., in which capacity he had served since November 2007. Previously, Freeman served as president, CEO and director of Arbinet-thexchange Inc. from November 2007 until September 2008.

Prior to joining Arbinet-thexchange, Freeman was elected to the board of Motient Corp., now TerreStar Corp., in February 2007, and chairman of Motient Corp. (predecessor to TerreStar) in February 2007. Freeman also served as CEO and director of Leap Wireless International Inc. from May 2004 to February 2005, and as president of the Public Communications Group of Verizon Communications Inc. from 2000 to February 2004. Freeman served on the board of directors of Summit Bancorp from 1999 to 2002. He served as president and CEO of Bell Atlantic-New Jersey from 1998 to 2000, president and CEO of Bell Atlantic-Washington, D.C., from 1994 to 1998, and in a number of other executive and management positions at Verizon since 1974. Freeman was a founder and co-owner of Synthesis Security LLC, a closely held telecommunications company.

Freeman serves or has served on the board of directors of TerreStar and the board of trustees of Drew University, and as a director of Value Added Holdings, Inc., a privately held communications company. He is the executive chairman of CDF Group Inc., a privately held beverage marketing and distribution company, and chairman of Celadon Global Inc., a privately held mergers and acquisitions research firm.