The U.S. Department of the Treasury has appointed Henry Miller and Gerald Greenwald to the board of directors of Ally Financial Inc. The Treasury owns 74% of Ally Financial, formerly GMAC, following the federal government's 2008 bailout of the ailing company.
Miller has served as chairman of Marblegate Asset Management LLC since its formation in 2009. He was also co-founder, chairman, CEO and managing director of Miller Buckfire & Co. LLC. Greenwald is a founder of Greenbriar Equity Group and is a former chairman and CEO of United Airlines.
‘These two individuals will make a valuable contribution to the board as Ally moves forward on its continued efforts to repay taxpayers and support the auto industry recovery,’ says Assistant Secretary for Financial Stability Timothy G. Massad.