Ally Financial announced that Jeffrey Brown will be stepping down early next year after serving as CEO and a member of Ally‘s Board of Directors since 2015. The Board has engaged a leading global executive search firm, and the search for a successor is underway. Brown will remain with Ally until January 31, 2024, or an earlier date determined by the Chair of the Board to help ensure a smooth leadership transition. Following his departure, Brown will become President of Hendrick Automotive Group, a longtime customer of Ally and the largest privately held automotive retail organization in the United States with nearly 11,000 employees and 131 retail franchises across 13 states.
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