Henry Miller and Brian MacDonald will retire from Ally Financial’s board of directors. Originally appointed to the board by the US Treasury Department, neither Miller, who joined the board in 2012, nor MacDonald, who joined in 2013, plan to seek re-election this July, the company said in a regulatory filing. Jack Stack, who is currently a director on the board of Ally’s subsidiary bank, was nominated to Ally’s board, leaving the number of directors at 10. Thanks to the partial ownership the government still holds in Ally, Treasury can appoint one director to the board, and has chosen current director Michael Pendo as their appointee.
