Franklin (Fritz) W. Hobbs - Chairman

Former President and Chief Executive Officer
Ribbon Communications

Director of Ally since May 2009 and the current Chairman of the Board. Mr. Hobbs served as
President and Chief Executive Officer of Ribbon Communications Inc. from December 2017
through November 2019. Since 2004, he has been an advisor to One Equity Partners LLC. He was
previously the Chief Executive Officer of Houlihan Lokey Howard & Zukin. In that role, he oversaw
all operations, which included advisory services for mid-market companies involved in mergers and
acquisitions and corporate restructurings. He previously was Chairman of UBS AG’s Warburg
Dillon Read Inc. unit. Prior to that, he was President and Chief Executive Officer of Dillon, Read &
Co. Inc. Mr. Hobbs earned his bachelor’s degree from Harvard College and master’s degree in
business administration from Harvard Business School. He currently serves as a director on the
public-company board of Molson Coors Brewing Company. Mr. Hobbs previously served as a
director of privately held Lord Abbett & Company from 2000 through 2018, as Chairman of the
Supervisory Board of BAWAG P.S.K. from March 2013 through March 2017, and as a director of Ribbon Communications Inc. from December 2017 through November 2019.