Blakely is a trustee of the Financial Accounting Foundation, the oversight board for the Financial Accounting Standards Board. Visit the GMAC media site at for more information. As of March 31, 2009, the company had approximately $180 billion in assets and serviced 15 million customers around the world. GMAC specializes in automotive finance, mortgage operations, insurance, commercial finance and online banking. GMAC is a bank holding company with operations in North America, South America, Europe and Asia-Pacific. During her career, Clark has been a partner and member of the executive committee at AEA Holdings and held various positions at Morgan Stanley over a span of nearly 25 years. Carpenter also held roles at The Travelers Group, General Electric Company and The Boston Consulting Group.Ĭlark is currently affiliated with Aetos Capital Asia. Previously, he held management positions at Citigroup, first as CEO of Salomon Smith Barney, then as chairman and CEO of the Global Corporate and Investment Bank and most recently as chairman and CEO of Alternative Investments. Inc.Ĭarpenter is chairman of Southgate Alternative Investments and has served in that role since 2006. Prior to that, he was president and CEO of Dillon, Read & Co. During his career, he also held the position of chairman at UBS AGs Warburg Dillon Read unit. Previously, Hobbs was the CEO of Houlihan Lokey Howard & Zukin. Hobbs is currently an advisor to One Equity Partners LLC, which manages investments and commitments for JPMorgan Chase & Co. I especially want to thank the former GMAC board directors who guided the company to this point with their dedicated service and invaluable contributions, especially its three independent directors, Bob Scully, T. I look forward to working with this newly appointed board and GMACs leadership team as we strive to restore financial performance and strengthen the enterprise for the long-term. GMAC has achieved remarkable milestones recently, and I share great enthusiasm with the other new directors in serving the organization at this critical time in its history, said GMAC Chairman Fritz Hobbs. de Molina, Cerberus appointee Stephen Feinberg, and as previously announced two appointees by the U.S. Hobbs, Carpenter, and Clark join GMACs newly reconstituted board and will serve alongside GMAC Chief Executive Officer Alvaro G. Hobbs was also elected to serve as non-executive chairman. Hobbs were named as independent directors to GMACs board of directors, effective immediately. Non-Executive Chairman, Independent Directors NamedĭETROIT GMAC Financial Services today announced that Michael A. New GMAC Board of Directors is Established Gmac991.htm - Generated by SEC Publisher for SEC Filing

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