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flag Ally Financial appoints Michael Rhodes as its new CEO, effective April 29.

flag Ally Financial has appointed Michael Rhodes as its new CEO, effective April 29. flag Rhodes, who has over 25 years of experience in retail and consumer banking, previously served as CEO of Discover Financial Services and held executive positions at TD Bank, Bank of America, and MBNA America Bank. flag Ally's previous CEO, Jeffrey J. flag Brown, left his position after nearly nine years as CEO. flag Rhodes will also be appointed as a member of Ally's board of directors.

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