(Reuters) – Ally Monetary (NYSE:) mentioned on Wednesday that Michael Rhodes will take over as chief government officer of the corporate from April 29.
Rhodes, who most not too long ago served because the CEO of Uncover Monetary Providers (N:), has beforehand labored at Financial institution of America and TD Financial institution in his profession spanning 25 years throughout retail and client banking.
He’ll step down as Uncover’s CEO efficient April 1, however will proceed to function an advisor to the bank card issuer’s interim CEO J. Michael Shepherd by April 12, 2024.
Rhodes will take over the helm from Jeffrey J. Brown, who left his place on the finish of January after practically 9 years as Ally’s CEO.
Ally’s president of vendor monetary companies, Doug Timmerman, has been serving as interim CEO since Brown’s departure.
