The Bank Slate


Ally Financial CEO stepping down in 2024

Ally Financial in Charlotte, N.C., said CEO Jeffrey Brown will step down next year.

The company said in a press release that Brown is leaving on Jan. 31 to become president of Hendrick Automotive Group. Ally’s board has hired an executive search firm to find a successor for Brown, who has been its leader since 2015.

“I am so proud of how we transformed the company from the days of GMAC to who we are today, a more strategically, operationally, and financially sound organization,” Brown said in the release.

“What began in 2009 as the financial reengineering of a company ultimately became a bank that truly matters in the financial industry, and now is the right time for me to transition,” Brown said. “Ally is positioned for a bright future thanks to our amazing team and the customers we are proud to support.”

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