- 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.
