Ally Financial Inc. has announced the appointment of Bill Thompson as the
new director of RV financing, replacing Ed Arienti, who will be retiring
from the firm, according to a letter to dealers.
Mark Manzo, vice president, alliance sales, said in the letter that Thompson has been with Ally since 2010, most recently as RV floor plan finance manager. Prior to joining Ally, he was a senior vice president and national retail sales manager at KeyCorp in Cleveland where he established the company as a preferred commercial floorplan and retail lender within marine and RV manufacturer and dealer groups.
“Bill’s strong finance background will be an asset to Ally’s RV financing business,” said Manzo. “We look forward to helping our RV dealers succeed in the coming year with an unrelenting focus on best in class service and product offerings.”
Arienti is retiring after 38 years of RV and marine industry leadership experience that includes launching Ally’s RV financing business.
“Ed has been a highly valued leader for Ally’s RV business since the company branched out into the industry with Thor Credit Corporation in April 2010,” Manzo stated in the letter. “He successfully grew the RV product and developed it into a business of retail, wholesale and full bundle of products. He will assist with the transition through the end of the year. I appreciate Ed’s many significant contributions and wish him all the best in his well-deserved retirement and future endeavors.”
Ally Financial Inc. today (March 13) announced that it has named Jeffrey Brown, currently senior executive vice president of Finance and Corporate Planning, to the role of president and CEO of the Dealer Financial Services business.
According to a press release, Brown will have oversight for the company’s leading automotive finance, insurance and auto servicing operations. He will continue to report to Ally CEO Michael A. Carpenter.
Following a career of more than 30 years with Ally and its former parent, William (Bill) Muir has elected to retire by year-end as president and current head of the Dealer Financial Services business. Muir and Brown are committed to “an orderly transition” of responsibilities over the coming months, the company said.
“Ally is fortunate to have a very strong management team that has helped to guide the company through a highly complex transformation over recent years,” said Carpenter. “Bill has been instrumental in transitioning Ally’s Dealer Financial Services business from its captive roots to a market-driven competitor that remains a leader in the industry. I want to thank him for his extraordinary leadership and his commitment to the business and Ally’s dealer customers.”
Carpenter continued, “JB is a proven leader and has been a critical force in helping to implement Ally’s strategic transformation. He has worked closely with the Dealer Financial Services team and, in his new role, is committed to advancing Ally’s leading dealer-centric business model. JB has a customer-focused mindset, and I am confident he will be a very effective leader for this business in the next chapter of Ally’s evolution.”
Brown’s current financial responsibilities will be transferred to Ally CFO Chris Halmy. With this move, Halmy will have responsibility for all of Ally’s finance, treasury and capital markets activities.
Brown was appointed senior executive vice president of Finance and Corporate Planning in June 2011 and has played a leading role in strengthening Ally’s capital and liquidity profile, executing on the company’s strategic transformation efforts and repaying the U.S. taxpayer’s investment. Brown joined Ally in March 2009 as corporate treasurer and, prior to this, he was the corporate treasurer for Bank of America.