Hope Mehlman joins Ally as Chief Legal and Corporate Affairs Officer

Experienced business leader and legal expert will head the company’s newly created Legal & Corporate Affairs department

CHARLOTTE, NC, 9 September 2024 /PRNewswire/ — Ally Financial Inc. (NYSE: ALLY) today announced Hope Mehlman will join the company as Chief Legal and Corporate Affairs Officer, effective December 2, 2024. Mehlman will lead a newly created Legal & Corporate Affairs Office that will oversee all regulatory and legal matters. She will be responsible for the company's legal, compliance, government relations, environmental sustainability and community reinvestment teams.

Mehlman brings more than 20 years of leadership experience in retail and commercial banking, most recently as Chief Legal Officer, General Counsel and Corporate Secretary at Discover. Prior to Discover, she served as General Counsel and Corporate Secretary at Bank of the West and Corporate Secretary at BNP Paribas. USAand Executive Vice President, Corporate Secretary, Chief Governance Officer and Deputy General Counsel of Regions Financial, where she also served as Senior Compliance Officer.

“Hope has a proven track record as a strong market leader that builds and develops legal and compliance teams to drive business performance,” said Michael RhodesCEO of Ally. “Anticipating regulatory and legislative changes through a unified approach will continue to be a key focus at Ally, and Hope’s exceptional thought leadership and business influence will help us drive even greater impact in this next chapter.”

Mehlman is a member of the Oversight Committee of the Best Practice Principles Group for Shareholder Voting Research Providers and Chair of the Nominating and Governance Committee.

In 2024, Mehlman was named General Counsel of the Year by Women, Influence and Power in Law and in 2023 was inducted into the Corporate Governance Hall of Fame by Governance Intelligence. She also received the “William H. Avery Award for Equal Access to Justice” presented by the Legal Aid Society, Metropolitan Family Services, Chicago. She is also a frequent guest lecturer at Stanford and co-author of several white papers.

Mehlman holds a Bachelor of Arts from Cornell Universitya Juris Doctor from Seton Hall University Law School and a Master of Laws in Taxation from New York University School of Law.

About Ally Financial

Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto finance business, driven by a mission to “Do It Right” and be a tireless ally to customers and communities. The company serves approximately 11 million customers with a full range of online banking services (including deposits, mortgages and credit card products), as well as securities brokerage and investment advisory services. The company also has a robust corporate finance business that provides capital to equity investors and middle-market companies, as well as auto finance and insurance offerings. For more information, visit www.ally.com.

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For more information and disclosures about Ally, please visit https://www.ally.com/#disclosures.

For more Ally photos and news, visit http://media.ally.com.

Contacts:

Jackie Hartzell
Ally Communications (Media)
980-270-4244
[email protected]

Sean Leary
Ally Investor Relations
704-444-4830
[email protected]

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Source: Ally Financial