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Ally Financial (ALLY) Names Jeffrey J. Brown CEO, Carpenter to Retire

February 2, 2015 5:47 PM EST

Ally Financial Inc. (NYSE: ALLY) today announced that Jeffrey J. Brown has been named chief executive officer, effective immediately. Brown, who most recently served as president and CEO of Ally's Dealer Financial Services business, has also joined Ally's Board of Directors. Brown succeeds Michael A. Carpenter who is retiring as chief executive and from the Board. Ally Chairman Franklin "Fritz" Hobbs will work closely with Brown on all areas of the business.

Said Hobbs, "Jeff Brown is an extraordinarily talented executive with deep financial and operational experience and a strong... More