---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-078619"
form_type: "8-K"
ticker: "ALLY"
cik: "0000040729"
company_name: "Ally Financial Inc."
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T17:15:54.321550+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-078619
- form_type: 8-K
- ticker: ALLY
- cik: 0000040729
- company_name: Ally Financial Inc.
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40729/000119312523078619/0001193125-23-078619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40729/000119312523078619/d468412d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-078619
- JSON: https://secwatch.observer/filing/0001193125-23-078619.json
- Plain text: https://secwatch.observer/filing/0001193125-23-078619.txt

## Key facts
- Executive change
  Russell E. Hutchinson was appointed as Chief Financial Officer at Ally Financial Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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 ).
  evidence_url: https://www.sec.gov/Archives/edgar/data/40729/000119312523078619/0001193125-23-078619-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.