#USA #Detroit #Board of Directors #Ally Financial #Michelle Goldberg

Ally Financial Welcomes New Board Member

On May 12, 2025, Ally Financial Inc. made a significant announcement during its annual shareholder meeting, revealing the election of Michelle J. Goldberg to its Board of Directors. This appointment not only marks a milestone for the company but also signals a new chapter in its ongoing transformation.

Michelle Goldberg, a seasoned venture investor, brings over three decades of invaluable experience in consulting, investment banking, and venture capital, with a focus on technology companies. Her background offers Ally a wealth of strategic, financial, and governance expertise that can help the company enhance its operations and navigate the complexities of the financial services landscape.

Background of Michelle Goldberg

Currently, Goldberg serves as a board director for Bakkt Holdings, Inc. Before that, she was a partner at Ignition Partners, a venture capital firm known for its focus on enterprise and consumer technology, from 2000 to 2020. Her impressive track record in the venture capital world highlights her ability to identify opportunities and drive growth in the tech sector.

Goldberg has also held board positions at Taubman Centers, Inc., Legg Mason, and Plum Creek, showcasing her extensive governance experience. Equipped with a Master’s degree from Harvard University and a Bachelor’s from Columbia University, her academic background complements her robust professional experience.

Ally's Leadership Commentary

In response to Goldberg’s election, Ally’s CEO, Michael Rhodes, expressed enthusiasm over the addition of Goldberg to the board, stating, "As we enter the next chapter of our company's history and continue transforming Ally into a stronger, more focused institution, having Michelle's perspective on our board will be extremely valuable." Rhodes highlighted her proficiency in leveraging data analytics and emerging consumer technologies, which are crucial in today’s fast-evolving market.

The addition of Goldberg comes at a time when Ally is committed to enhancing its position in the financial services industry by adopting cutting-edge innovations and strategies. The company has a strong commitment to serving its customers and communities, driven by its mission of “Doing It Right.”

Transition and Farewell

With this new appointment also comes the retirement of longtime director Kenneth J. Bacon, who served on the board for a decade, including his recent role as chair of the Risk Committee. Fritz W. Hobbs, the chairman of Ally’s board, praised Bacon's unwavering commitment and significant contributions during his tenure, saying, "For over a decade, Ken has been a guiding force on our board – a voice of wisdom, integrity and unwavering commitment."

Bacon's departure marks the end of an era, but it also sets the stage for new leadership that can understand the challenges and opportunities ahead.

About Ally Financial

Ally Financial Inc. is renowned for being a financial services powerhouse in the digital banking and auto financing sectors. It stands out as the nation’s largest all-digital bank and continues to evolve with innovative solutions designed to meet the needs of its customers. In addition to digital banking, Ally provides a broad range of services including securities brokerage, investment advisory, auto financing, and insurance offerings.

As Ally continues on its trajectory of transformation and growth, the experience and insight brought by Michelle Goldberg are expected to play a crucial role in driving the company forward in the years to come. For additional information about Ally Financial and its offerings, visit www.ally.com.

Stay tuned for more updates as Aly Financial implements changes shaping its future.