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Posted 18 January, 2024

Ally Financial Inc. appointed Douglas R. Timmerman as new CEO

NYSE:ALLY appointed new Chief Executive Officer Douglas R. Timmerman in a 8-K filed on 18 January, 2024.


  On January 11, 2024, the Ally Financial Inc. Board of Directors appointed Douglas R. Timmerman as Interim Chief Executive Officer (CEO) effective as of February 1, 2024.  

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Overview of Ally Financial Inc.
Financial Services • Banking
Ally Financial, Inc. engages in the provision of automotive financing and insurance services. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Corporate Finance Operations, and Corporate and Other. The Automotive Finance Operations segment offers automotive financing services to consumers, automotive dealers and retailers, companies, and municipalities. The Insurance Operations segment includes consumer finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. The Corporate Finance Operations segment is involved in senior secured asset-based and leveraged cash flow loans to mostly U.S.-based middle-market companies, with a focus on businesses owned by private equity sponsors. The Corporate and Other segment consists of centralized corporate treasury activities, such as management of the cash and corporate investment securities and loan portfolios, short- and long-term debt, retail and brokered deposit liabilities, derivative instruments, original issue discount, and the residual impacts of corporate FTP and treasury ALM activities. The company was founded in 1919 and is headquartered in Detroit, MI.
Market Cap
$10.9B
View Company Details
Ally Financial Inc. by TradingView
Relevant filing section
Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On January 11, 2024, the Ally Financial Inc. Board of Directors appointed Douglas R. Timmerman as Interim Chief Executive Officer (CEO) effective as of February 1, 2024. Mr. Timmerman will also serve as the Interim CEO of Ally Bank.

Biographical information about Mr. Timmerman is set forth in Ally's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the Securities and Exchange Commission on February 24, 2023, which is incorporated here by reference.