People: Ally Financial Inc (GOM)

GOM on New York Consolidated

25.60USD
20 May 2013
Price Change (% chg)

$-0.03 (-0.12%)
Prev Close
$25.63
Open
$25.64
Day's High
$25.69
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$25.50
Volume
39,695
Avg. Vol
57,153
52-wk High
$25.71
52-wk Low
$22.05

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Summary

Name Age Since Current Position

Franklin Hobbs

 65 2009 Independent Chairman of the Board

William Muir

 57 2004 President

Michael Carpenter

 65 2009 Chief Executive Officer, Director

James Mackey

 44 2011 Chief Financial Officer

Jeffrey Brown

 38 2011 Senior Executive Vice President - Finance and Corporate Planning

Barbara Yastine

 53 2010 Chief Administrative Officer

Michael Baresich

 2012 Chief Information Technology Officer

David DeBrunner

 45 2007 Chief Accounting Officer, Vice President, Corporate Controller

Stephen Feinberg

 51 2009 Director

Gerald Greenwald

 75 2012 Director

Henry Miller

 67 2012 Director

Mathew Pendo

 2013 Director

Robert Blakely

 71 2009 Independent Director

Mayree Clark

 54 2009 Independent Director

John Durrett

 63 2011 Independent Director

Kim Fennebresque

 61 2009 Independent Director

Marjorie Magner

 63 2010 Independent Director
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Biographies

Name Description

Franklin Hobbs

 Mr. Franklin W. Hobbs, IV, is an Independent Chairman of the Board of Ally Financial Inc., since May 27, 2009. Since 2004, he has been an advisor to One Equity Partners LLC, which manages investments and commitments for JPMorgan Chase & Co. in direct private equity transactions. He was previously the CEO of Houlihan Lokey Howard & Zukin. In that role, he oversaw all operations, which included advisory services for mid-market companies involved in mergers and acquisitions and corporate restructurings. He previously was Chairman of UBS AG's Warburg Dillon, Read & Co. Inc. unit. Prior to that, he was President and CEO of Dillon, Read & Co. Inc. He earned his bachelor's degree from Harvard College and master's degree in business administration from Harvard Business School. He serves as a director on the Boards of the Lord Abbett & Company and Molson Coors Brewing Company.

William Muir

 Mr. William F. Muir is President of Ally Financial Inc., since 2004. He is Chairman of Ally Insurance Group since June 1999, and a Member of the Ally Commercial Finance and Ally Bank Boards of Directors since February 2002 and March 2004, respectively. Prior to that time, he served as executive vice president and chief financial officer from February 1998 to 2004. From 1996 to 1998, Muir served as executive-in-charge of operations and then executive director of planning at Delphi Automotive Systems, a former subsidiary of GM. Prior to serving at Delphi Automotive Systems, he served in various executive capacities with Ally since first joining Ally in 1992. He also served in a number of capacities with GM since joining the company in 1983.

Michael Carpenter

 Mr. Michael A. Carpenter is Chief Executive Officer, Director of Ally Financial Inc. He has been Chief Executive Officer of Ally since November 2009 and a member of the Ally Board of Directors since May 2009. He oversees all Ally strategy and operations to focus on strengthening the core businesses, while positioning the company for long-term growth. Carpenter has broad and deep experience in banking, capital markets, turnarounds, and corporate strategy. Most recently, he founded Southgate Alternative Investments in 2007. He was named chairman and CEO of Salomon Smith Barney in 1998, shortly after the merger that created Citigroup, and led the first ever integration of a commercial and investment bank. Prior to Citigroup, he was chairman and CEO of Travelers Life & Annuity and vice chairman of Travelers Group Inc. responsible for strategy and business development. From 1989 to 1994, he was chairman of the board, president, and CEO of Kidder Peabody Group Inc., a wholly owned subsidiary of General Electric Company. From 1986 to 1989, Carpenter was executive vice president of GE Capital Corporation. He first joined GE in 1983 as vice president of Corporate Business Development and Planning and was responsible for strategic planning and development as well as mergers and acquisitions. Earlier in his career, Carpenter spent nine years as vice president and director of the Boston Consulting Group consulting to companies on corporate strategy and three years with Imperial Chemical Industries of the United Kingdom. Carpenter received a bachelor of science degree from the University of Nottingham, England, and an MBA from the Harvard Business School where he was a Baker Scholar. He also holds an honorary degree of Doctor of Laws from the University of Nottingham. He serves on the boards of US Retirement Partners and the New York City Investment Fund and has been a board member of the New York Stock Exchange, General Signal, Loews Cineplex, and various other private and public companies.

James Mackey

 Mr. James G. Mackey is an Chief Financial Officer of Ally Financial Inc., since June 2011. He served as Interim Chief Financial Officer since April 2010. In this role, he is responsible for the oversight of the company's financial analysis, controls and reporting, accounting, business planning, and investor relations. Mackey joined the company in 2009 as group vice president and senior finance executive responsible for financial planning and analysis, investor relations, corporate treasury finance, and banking subsidiary financial departments. Previously, Mackey served as chief financial officer for the corporate investments, corporate treasury, and private equity divisions at Bank of America. Earlier in his tenure at Bank of America, he served as managing director within the global structured products group. Prior to Bank of America, Mackey served in the financial institutions practice group at PricewaterhouseCoopers LLP, specializing in capital markets accounting and consulting. He holds a bachelor's degree in business administration and a master's degree in accounting from the University of North Carolina at Chapel Hill. He is also a registered certified public accountant in North Carolina.

Jeffrey Brown

 Mr. Jeffrey J. Brown serves as Senior Executive Vice President - Finance and Corporate Planning of Ally Financial Inc., since June 2011. In this role, he oversees the finance, treasury and corporate strategy activities of the company. Brown joined Ally in March 2009 as corporate treasurer with responsibility for global treasury activities, including funding and balance sheet management. Prior to joining Ally, Brown was the corporate treasurer for Bank of America where he had responsibility for the core treasury functions including funding and managing interest rate risk. Brown was at Bank of America for 10 years, beginning his career in finance and later joining the balance sheet management division. Brown previously served as the bank's deputy treasurer and oversaw balance sheet management and the company's corporate funding division. He was also a member of the company's Asset/Liability Management Committee. He received a bachelor's degree in economics from Clemson University and an executive master's degree in business from Queens University in Charlotte. He serves on the Trevillian Cabinet of the College of Business and Behavioral Sciences at Clemson University and on the advisory board of McColl School of Business at Queen's University in Charlotte.

Barbara Yastine

 Ms. Barbara A. Yastine is Chief Administrative Officer of Ally Financial Inc., since May 2010. In this role, she has oversight for the risk, compliance, legal and technology functions and also serves as Chair of Ally Bank. Yastine is a seasoned executive with diverse experience at financial services companies. Prior to joining Ally, she served as a principal of Southgate Investment Partners, LLC. Before that, she was chief financial officer for Credit Suisse First Boston from 2002 to 2004 and had responsibility for controllership, treasury, risk management, strategy, mergers and acquisitions, and tax. She was with Citigroup and its predecessors for 15 years with her last position being as chief financial officer of Citigroup's global corporate and investment bank. During her time at Citigroup, she also served as chief auditor, chief administrative officer of the global consumer group, and as executive vice president of what is now CitiFinancial. She began her career at Citigroup predecessor Primerica as the head of investor relations. Yastine chairs the Audit Committee of the board of directors of Symphony Services, a portfolio company of private equity firm Symphony Technology Group. She is also a member of the board of trustees of Phoenix House where she chairs the Finance and Audit Committee and serves on the Compensation and Succession Planning Committees. She also serves on the board of Primerica Inc. She is a former trustee of the Financial Accounting Foundation. She holds a bachelor's of arts degree in journalism and a master's degree in finance, both from New York University.

Michael Baresich

 Mr. Michael Baresich is Chief Information Technology Officer of Ally Financial, Inc., since January 2012. In this role, he has responsibility for global information technology and related services; restructuring/application development, including the efforts associated with all bank holding company transformation; and activities related to process improvement, quality and productivity (Six Sigma). Prior to joining Ally, Baresich was executive vice president and chief information officer of CIT Group in New York since 2006, where he was responsible for all Information Technology development, operations and infrastructure worldwide. In this role, he oversaw seven divisional CIOs and a staff of 600 IT professionals, as well as the financial company’s offshore development center and U.S. and international data centers. Baresich also led an enterprisewide organizational effectiveness initiative focused on cost efficiency and oversaw CIT’s Bank Holding Company transformation program, responsible for all dimensions of the organization’s conversion from non-bank to a regulated institution. In addition to his role at CIT, Baresich served in various senior-level IT positions over a span of 20 years, including: managing director and global chief information officer at Citigroup Asset Management (acquired by Legg Mason in 2005) in Stamford, Conn., where he led all planning, development, and operation of Information Technology worldwide; CoKinetic Systems Corp., also in Stamford, Conn., where he was CEO of this software development and services company; and Deutsche Bank Asset Management in New York, where he was managing director and global head of Information Technology and Operations. Baresich received a bachelor’s degree from Harpur College at Binghamton University in New York and master’s degrees from the University of Florida and The Wharton School at the University of Pennsylvania. He serves on the board of directors for CoKinetic Systems Corporation.

David DeBrunner

 Mr. David J. DeBrunner is Chief Accounting Officer, Vice President, Corporate Controller of Ally Financial Inc., since September 2007. Mr. DeBrunner joined Ally from Fifth Third Bancorp (Fifth Third) where he was senior vice president, corporate controller, and chief accounting officer from January 2002 to August 2007. Prior to that position, he served as the chief financial officer for the commercial division of Fifth Third beginning in December 1999. He joined Fifth Third in 1992 and held various financial leadership positions throughout the company. Prior to his time at Fifth Third, he held positions at Deloitte and Touche LLP in the Chicago and Cincinnati offices. He holds a bachelor's of science in accounting from Indiana University and is a member of the American Institute of Certified Public Accountants.

Stephen Feinberg

 Mr. Stephen A. Feinberg is Director of Ally Financial Inc., since March 2009. He founded Cerberus Capital Management in November 1992. He also founded or cofounded the other Cerberus general partners/management companies and investment funds and is the Chief Executive Officer of an affiliated loan origination company. Feinberg began his career at Drexel Burnham Lambert where he was actively involved in trading pools of firm capital. From 1985 to 1992, after leaving Drexel Burnham Lambert, he managed money in separate accounts, most of which was firm capital of Gruntal & Co., Inc. He has over 25 years of experience in distressed investing, including investments in the financial services industry, and he has served as a control party in connection with investments in numerous financial institutions, including various lending institutions. He is a 1982 graduate of Princeton University.

Gerald Greenwald

 Mr. Gerald Greenwald has been appointed as Director of Ally Financial Inc, effective August 15, 2012. Greenwald is a founder of Greenbriar Equity Group, a private equity firm focused on the global transportation sector. Prior to this, Greenwald was the chairman and chief executive officer of United Airlines from 1994 to 1999. During his time at the airline, he helped return the company to profitability and build its leadership position globally. Greenwald began his career in the automotive industry at Ford Motor Company where he worked in several positions including controller, director of operations in Europe and president of Ford of Venezuela. He later joined Chrysler, where he worked in various positions including corporate controller and chief financial officer before being promoted to vice chairman.

Henry Miller

 Mr. Henry S. Miller has been appointed as Director of Ally Financial Inc, effective August 15, 2012. Miller has served as chairman of Marblegate Asset Management, LLC since its formation in 2009. He was also co-founder, chairman and managing director of Miller Buckfire & Co., LLC from 2002 until 2011. Miller has an accomplished background in restructurings and has worked in various capacities on several complex cases throughout his career. Prior to founding Miller Buckfire, he was vice chairman and managing director at Dresdner Kleinwort Wasserstein, where he was the head of the financial restructuring group. He also served as managing director and head of both the restructuring and transportation industry group of Salomon Brothers. He has also served in senior leadership roles at Prudential Securities and Lehman Brothers.

Mathew Pendo

 Mr. Mathew Pendo has been appointed as Director of Ally Financial Inc., effective April 25, 2013. Mr. Pendo recently served as Chief Investment Officer for Treasury, leaving in March of this year.

Robert Blakely

 Mr. Robert T. Blakely is an Independent Director of Ally Financial Inc., since May 2009. He currently serves as Chairman of the Audit Committee. He is a trustee of the Financial Accounting Foundation, the oversight board for the Financial Accounting Standards Board. He is the former executive vice president and chief financial officer of Fannie Mae. In this role, he led the financial restatement and implementation of SOX controls. He was previously the chief financial officer of WorldCom/MCI, Lyondell Chemical, Tenneco, and US Synthetic Fuels Corporation where he gained experience dealing with accounting principles and financial reporting rules and regulations, evaluating financial results, and generally overseeing the financial reporting processes of corporations. He received his PhD from Massachusetts Institute of Technology and his master's and bachelor's degrees from Cornell University.

Mayree Clark

 Ms. Mayree C. Clark is an Independent Director of Ally Financial Inc. She currently serves as Chairman and member of the Ally Risk Management and Compliance Committee and the Audit Committee. Clark also serves as a member of the investment committee for Aetos Capital Asia, which manages the firm's investments in Japanese and Chinese real estate, and is a director of the Stanford Management Company, which manages the University's endowment. Clark is a former partner and member of the executive committee at AEA Holdings. Clark held a variety of executive positions at Morgan Stanley over a span of nearly 25 years, serving as Global Research Director, Director of Global Private Wealth Management. She began her career as an economic associate in antitrust litigation at National Economic Research Associates, Inc. She earned a bachelor's degree from the University of Southern California and a master's degree in business administration from Stanford University Graduate School of Business.

John Durrett

 Mr. John D. Durrett, Jr., is Independent Director of Ally Financial Inc., since February 2011. He currently serves as a member of the Audit Committee and Compliance Committee. He currently serves as a strategic adviser to Serent Capital, a San Francisco-based private equity firm, and sits on the boards of two of Serent's portfolio companies. Durrett is a director emeritus of McKinsey & Co.,Inc., and completed his 27-year career with the firm in 2007. He served in numerous senior leadership positions during his tenure at McKinsey and also served as a member of the firm's Shareholder's Council and chaired its Finance and Infrastructure Committee. He was also a long-time member of McKinsey's Compensation Committee and the Director's and Principal's Review Committees. He received a bachelor's degree from Millsaps College, a juris doctorate from Emory University and a master's degree in business administration from the Wharton School of the University of Pennsylvania.

Kim Fennebresque

 Mr. Kim S. Fennebresque is an Independent Director of Ally Financial Inc., since May 2009. He is chairman and chief executive officer of Dahlman Rose & Co. and is a senior advisor at Cowen Group, Inc. He previously served as its chairman, president, and chief executive officer where he oversaw all aspects of the management and operations of the company. He has business experience and has served as an investment banker for over three decades. He has demonstrated leadership capability and has knowledge of the management of a publicly traded company. The depth and breadth of his exposure to areas of compensation, legal, accounting, and regulatory issues make him a skilled advisor. Prior to joining Cowen Group, Fennebresque served as head of the Corporate Finance and Mergers & Acquisitions departments at UBS. He also was a general partner and co-head of Investment Banking at Lazard Frères & Co. and held various positions at The First Boston Corporation. He is a graduate of Trinity College and Vanderbilt Law School. He is currently on the boards of TEAK Fellowship, and Fountain House.

Marjorie Magner

 Ms. Marjorie Magner is an Independent Director of Ally Financial Inc., since May 2010. She also serves on the Audit Committee and Risk and Compliance Committee. Magner is a founding member and partner of Brysam Global Partners. Previously, she served as chairman and chief executive officer of the Global Consumer Group at Citigroup. In this position, she was responsible for the company's operations serving consumers through retail banking, credit cards, and consumer finance. She earned a bachelor's degree in psychology from Brooklyn College and a master's degree from Krannert School of Management, Purdue University. She also serves on the boards of Accenture Ltd., Gannett Company, Inc., and the Brooklyn College Foundation. She is a member of the dean's advisory council for the Krannert School of Management.

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