Ally Bank 2011 Annual Report Download - page 239

Table of Contents
Ally Financial Inc. • Form 10−K
founded or cofounded the other Cerberus general partners/management companies and investment funds and is the Chief Executive Officer of an affiliated
loan origination company. Feinberg began his career at Drexel Burnham Lambert where he was actively involved in trading large pools of firm capital.
From 1985 to 1992, after leaving Drexel Burnham Lambert, he managed money in separate accounts, most of which was firm capital of Gruntal & Co., Inc.
Feinberg has over 25 years of experience in distressed investing, including investments in the financial services industry, and he has served as a control
party in connection with investments in numerous financial institutions, including various lending institutions. Feinberg is a 1982 graduate of Princeton
University.
Kim S. Fennebresque — Director of Ally since May 2009. Fennebresque is chairman and chief executive officer of Dahlman Rose & Co. and is a
senior advisor at Cowen Group, Inc. He previously served as its chairman, president, and chief executive officer where he oversaw all aspects of the
management and operations of the company. Fennebresque has extensive business experience and has served as an investment banker for over three
decades. He has demonstrated leadership capability and has extensive knowledge of the management of a publicly traded company. The depth and breadth
of his exposure to areas of compensation, legal, accounting, and regulatory issues make him a skilled advisor. Prior to joining Cowen Group, Fennebresque
served as head of the Corporate Finance and Mergers & Acquisitions departments at UBS. He also was a general partner and co−head of Investment
Banking at Lazard Frères & Co. and held various positions at The First Boston Corporation. Fennebresque is a graduate of Trinity College and Vanderbilt
Law School. He is currently on the boards of TEAK Fellowship, and Fountain House.
Marjorie Magner — Appointed to the Ally board of directors in May 2010. She also serves on the Audit Committee and Risk and Compliance
Committee. Magner is a founding member and partner of Brysam Global Partners. Previously, she served as chairman and chief executive officer of the
Global Consumer Group at Citigroup. In this position, she was responsible for the company's operations serving consumers through retail banking, credit
cards, and consumer finance. She earned a bachelor's degree in psychology from Brooklyn College and a master's degree from Krannert School of
Management, Purdue University. Magner also serves on the boards of Accenture Ltd., Gannett Company, Inc., and the Brooklyn College Foundation. She is
a member of the dean's advisory council for the Krannert School of Management.
John J. Stack — Appointed to the Ally board of directors in April 2010. He also serves on the Audit Committee and Risk and Compliance Committee.
Stack served as chairman and chief executive officer of Ceska Sporitelna, a.s., the largest bank in the Czech Republic, from 2000 to 2007. Prior to that, he
spent 22 years in retail banking in various roles at Chemical Bank and then later at Chase Bank. Stack began his career in government working in staff roles
in the New York City Mayor's Office and then the New York City Courts System. He earned a bachelor's degree from Iona College and a master's degree
from Harvard Graduate School of Business Administration. He also serves on the boards of Erste Bank Group and Mutual of America.
Michael A. Carpenter — Chief Executive Officer of Ally since November 2009 and a member of the Ally Board of Directors since May 2009. He
oversees all Ally strategy and operations to focus on strengthening the core businesses, while positioning the company for long−term growth. Carpenter has
broad and deep experience in banking, capital markets, turnarounds, and corporate strategy. Most recently, he founded Southgate Alternative Investments in
2007. From 2002 to 2006, he was chairman and chief executive officer of Citigroup Alternative Investments overseeing $60 billion of proprietary capital
and customer funds globally in various alternative investment vehicles. From 1998 to 2002, Carpenter was chairman and chief executive officer of
Citigroup's Global Corporate & Investment Bank with responsibility for Salomon Smith Barney Inc. and Citibank's corporate banking activities globally.
Carpenter was named chairman and CEO of Salomon Smith Barney in 1998, shortly after the merger that created Citigroup, and led the first ever successful
integration of a commercial and investment bank. Prior to Citigroup, he was chairman and CEO of Travelers Life & Annuity and vice chairman of Travelers
Group Inc. responsible for strategy and business development. From 1989 to 1994, he was chairman of the board, president, and CEO of Kidder Peabody
Group Inc., a wholly owned subsidiary of General Electric Company. From 1986 to 1989, Carpenter was executive vice president of GE Capital
Corporation. He first joined GE in 1983 as vice president of Corporate Business Development and Planning and was responsible for strategic planning and
development as well as mergers and acquisitions. Earlier in his career, Carpenter spent nine years as vice president and director of the Boston Consulting
Group consulting to major companies on corporate strategy and three years with Imperial Chemical Industries of the United Kingdom. Carpenter received a
bachelor of science degree from the University of Nottingham, England, and an MBA from the Harvard Business School where he was a Baker Scholar. He
also holds an honorary degree of Doctor of Laws from the University of Nottingham. He serves on the boards of US Retirement Partners and the New York
City Investment Fund and has been a board member of the New York Stock Exchange, General Signal, Loews Cineplex, and various other private and
public companies.
Jeffrey J. Brown — Appointed Senior Executive Vice President of Finance and Corporate Planning in June 2011. In this role, Brown oversees the
finance, treasury and corporate strategy activities of the company. Brown joined Ally in March 2009 as corporate treasurer with responsibility for global
treasury activities, including funding and balance sheet management. Prior to joining Ally, Brown was the corporate treasurer for Bank of America where he
had responsibility for the core treasury functions including funding and managing interest rate risk. Brown was at Bank of America for 10 years, beginning
his career in finance and later joining the balance sheet management division. Brown previously served as the bank's deputy treasurer and oversaw balance
sheet management and the company's corporate funding division. He was also a member of the company's Asset/Liability Management Committee. He
received a bachelor's degree in economics from Clemson University and an executive master's degree in business from Queens University in Charlotte. He
serves on the Trevillian Cabinet of the College of Business and Behavioral Sciences at Clemson University and on the advisory board of McColl School of
Business at Queen's University in Charlotte.
James G. Mackey — Chief Financial Officer of Ally since June 2011, after serving as interim Chief Financial Officer since April 2010. In this role, he
is responsible for the oversight of the company's financial analysis, controls and reporting, accounting, business planning, and
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