Ally Financial appoints Russell E. Hutchinson as CFO effective July 3, 2023

Ally Financial Inc.

Russell E. Hutchinson named CFO, effective July 3, 2023; previously COO of M&A at Goldman Sachs.
Hutchinson's compensation: base salary $750k, target incentive $4.5M ($1.8M cash, $1.35M RSUs, $1.35M PBRSUs).
Hutchinson receives one-time cash award of $1M and RSU grant of $2.5M vesting over three years.
Interim CFO Bradley J. Brown gets base salary increase to $600k and one-time RSU grant of $750k vesting over three years.

item 5.02 item 9.01

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Appointed

Russell E. Hutchinson

Chief Financial Officer

ALLY · Ally Financial Inc.

Effective: 2023-07-03
Filed: March 24, 2023, 7:59 PM ET

On March 24, 2023, Ally Financial Inc. ( Ally ) announced the appointment of Russell E. Hutchinson as Chief Financial Officer of Ally, with an effective date of July 3, 2023 ( Effective Date ).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Russell E. Hutchinson was appointed as Chief Financial Officer at Ally Financial Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On March 24, 2023, Ally Financial Inc. ( Ally ) announced the appointment of Russell E. Hutchinson as Chief Financial Officer of Ally, with an effective date of July 3, 2023 ( Effective Date ).

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Ally Financial Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-078619

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