Ally appoints Russell Hutchinson as chief financial officer

By Leandra Monteiro

Ally Financial Inc. announced Russell Hutchinson will join the company as its chief financial officer, effective July 3, 2023. He will report to Ally, CEO, Jeffrey Brown and be based in Charlotte, N.C.

Hutchinson brings extensive experience in the financial services industry, with a long, successful track record of execution and results. He most recently served as chief operating officer for global mergers and acquisitions at Goldman Sachs Group Inc., after holding the position of chief strategy officer, where he oversaw mergers and acquisitions (M&A), strategy and innovation.

“I have known Russ since my arrival to our company in 2009, and he has been one of my most reliable and trusted outside advisers. He was instrumental in helping us to evolve into the publicly traded and strong company we are today,” said Brown. “Russ is well-known for being a collaborative partner who gets results, and his long-standing appreciation and respect for our culture at Ally – as well as existing relationships with our key stakeholders and our board of directors – make me confident he will be an outstanding addition to our company and our leadership team.”

Bradley Brown, who has served as interim CFO since October 2022, will return to his full-time role as corporate treasurer once Hutchinson begins in July.

“I want to thank Brad, who went above and beyond to support our company and finance team during the past several months, while continuing to deliver for our shareholders,” said Brown. “We have a deep bench of seasoned, talented leaders in our CFO group, and I know together with Russ, they will continue to build on our company’s momentum and live up to our Ally promise.”