Ally Financial Inc. (ALLY)

30.08 +0.71 (+2.42%) At close: 04:00PM EST

Ally Financial Inc.

Ally Detroit Center
Floor 10 500 Woodward Avenue
Detroit, MI 48226
United States
866 710 4623
https://www.ally.com

Sector(s): Financial Services
Industry: Credit Services
Full-time employees: 11,600

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jeffrey J. Brown	CEO & Director	5.33M	N/A	1973
Mr. Scott A. Stengel	General Counsel	1.52M	N/A	1972
Mr. Douglas R. Timmerman	President of Dealer Financial Services	2.58M	N/A	1963
Ms. Diane E. Morais	President of Consumer & Commercial Banking Products - Ally Bank	2.33M	N/A	1966
Mr. Russell E . Hutchinson	Chief Financial Officer	N/A	N/A	N/A
Mr. David J. DeBrunner	VP, Corporate Controller & Chief Accounting Officer	N/A	N/A	1966
Mr. Sathish Muthukrishnan	Chief Information, Data & Digital Officer	N/A	N/A	1974
Sean Leary	Head of Investor Relations and Enterprise FP&A	N/A	N/A	N/A
Mr. Daniel Soto	Chief Compliance Officer	N/A	N/A	N/A
Ms. Andrea C. Brimmer	Chief Marketing & Public Relations Officer	N/A	N/A	1966

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Ally Financial Inc., a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers' vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the healthcare industry. The company also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.

Corporate governance

Ally Financial Inc.’s ISS governance QualityScore as of 1 December 2023 is 5. The pillar scores are Audit: 3; Board: 3; Shareholder rights: 2; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.