BankingBusinessFinTech

Ally Financial CEO Jeffrey Brown to step down

  • Jeffrey Brown stepping down as CEO and board member of Ally Financial.
  • Ally Financial, originally GMAC, provides banking, home loans, and financing services.
  • Brown joined Ally in 2009 and became CEO in 2015, citing operational improvements.
  • No specific reason for stepping down, but he believes it’s the right time.
  • Brown will remain CEO until January 31, 2024, and then become president of Hendrick Automotive Group.
  • Ally Financial searching for a successor with the help of a global executive search firm.
  • Brown expected to address the transition during the company’s Q3 financial results on October 18, 2023.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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