Douglas Timmerman

Interim CEO & President, Dealer Financial Services

Doug Timmerman was appointed interim chief executive officer of Ally Financial Inc. effective February 2024 and has served as president of dealer financial services since the summer of 2021. In addition to his duties as interim CEO, Timmerman is responsible for deepening Ally’s relationships with approximately 22,000 dealer customers and further optimizing the full spectrum of automotive finance and insurance services for dealer and consumer customers. Previously, he was president of auto finance since 2018.

Timmerman’s 30-plus years at Ally, spanning leadership positions across the auto finance and insurance businesses, make his understanding of this dynamic industry unparalleled. Under his direction, Ally has cemented its position as the leading prime auto lender, optimized the business significantly and increased and diversified its dealer customer base. Since joining Ally in 1986, Timmerman has held leadership roles in a variety of areas including commercial lending, consumer lending, collections, sales and marketing. His experience also includes a broad geographical reach, holding assignments that have touched nearly every state.

In 2019, Timmerman was recognized as the first-ever Auto Finance News Auto Executive of the Year. The Nebraska native began his career with Ally shortly after earning his undergraduate and master’s degrees in business administration from the University of Nebraska.

Timmerman supports several organizations and research efforts associated with finding a cure for Type 1 diabetes. He is an active volunteer and supporter of Children’s Hospital of Atlanta and the Juvenile Diabetes Research Foundation.