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Ally Adds to Board of Directors

August 16, 2012

DETROIT — Ally Financial Inc. announced that Gerald Greenwald and Henry S. Miller have been elected to its board of directors.  The appointments, as well as the re-election of the current members of the Ally board, occurred Wednesday at a meeting of Ally’s common stockholders.

“Gerald and Henry are valued additions to the Ally board,” said Ally Chairman Franklin (Fritz) Hobbs. “They bring extensive experience from both the financial and auto sectors and will add key perspectives as Ally continues its transformation.  We are pleased to have these two seasoned leaders join the board.”

Greenwald is a founder of Greenbriar Equity Group, a private equity firm focused on the global transportation sector. Prior to this, Greenwald served as the chairman and CEO of United Airlines from 1994 to 1999. 

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.

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 held senior leadership roles at Prudential Securities and Lehman Brothers.

Greenwald and Miller join nine other directors on the Ally board and are appointees of the U.S. Treasury. 

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