Ally Financial Chooses PNC Executive as Next CFO
December 12 2017 - 9:58AM
Dow Jones News
By Austen Hufford
Ally Financial Inc. said Jenn LaClair would join the company
later this month as its chief financial officer designate, slated
to replace current CFO Chris Halmy next year.
Mr. Halmy plans to retire as CFO in March 2018. He became CFO in
2013.
Ms. LaClair is joining the company from PNC Financial Services
Group Inc. where she was most recently the head of the business
bank and was in charge of setting strategy, driving performance and
managing risk.
The Detroit-based lender, formerly General Motors Co.'s
financing arm and known as GMAC, is one of the country's biggest
auto lenders. Ally has been working to expand its reach beyond
retail lending into wealth management, mortgages and credit cards,
and is working to beef up its online-only bank.
Write to Austen Hufford at Austen.Hufford@wsj.com
(END) Dow Jones Newswires
December 12, 2017 09:43 ET (14:43 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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