Ally appoints Doug Timmerman as interim CEO effective Feb 1, 2024

Ally Financial Inc.

Doug Timmerman, president of dealer financial services, named interim CEO starting Feb 1, 2024.
Current CEO Jeffrey J. Brown departs on Jan 31, 2024; Brown announced planned step-down in Oct 2023.
Timmerman has 30-plus years at Ally, most recently leading relationship with 22,000 dealer customers.
Board is working with a leading search firm to identify a permanent CEO.
Timmerman will also serve as interim CEO of Ally Bank.

item 5.02 item 7.01 item 9.01

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Appointed (interim)

Douglas R. Timmerman

Interim Chief Executive Officer

ALLY · Ally Financial Inc.

Effective: 2024-02-01
Filed: January 18, 2024, 6:59 PM ET

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.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas R. Timmerman was appointed as Interim Chief Executive Officer at Ally Financial Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

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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Source: SEC EDGAR

accession 0001193125-24-010239

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