Auto Finance News is pleased to announce Doug Timmerman, Ally Financial’s president of auto, as the inaugural Auto Finance Executive of the Year. Timmerman first joined Ally — then General Motors Acceptance Co. — back in 1986 and is now at the helm of an $80 billion auto portfolio.
Under Timmerman’s leadership, Ally broke a company record in the second quarter when used-car originations hit $5.24 billion. Overall originations continue to climb as well, increasing 14% year over year to $9.3 billion in the third quarter.
The Auto Finance Executive of the Year is chosen based on nominations by members of the industry and the senior editorial team at Auto Finance News. Executives are considered based on experience, leadership, vision and ability to shake up the industry with an innovative, forward-thinking approach to auto finance.
Ian Anderson, group president at Westlake Financial, and Charles “Chuck” Jones, head of national indirect lending at SunTrust Bank, were selected as Executives to Watch for 2020.
Read the full story — and more — in the December issue of Auto Finance News.
