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

Ally Financial has appointed Michael Rhodes as its new CEO, effective April 29. 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. Ally's previous CEO, Jeffrey J. Brown, left his position after nearly nine years as CEO. Rhodes will also be appointed as a member of Ally's board of directors.

March 27, 2024
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