Press Room

GMAC Appoints Weintraub General Auditor

Nov 15, 2006

DETROIT --- GMAC Financial Services today announced the appointment of Mark H. Weintraub as General Auditor for its newly-created Global Audit organization in support of all GMAC enterprise-wide business units globally.

“With the closing of the GMAC equity sale on the horizon, we are very pleased to have Mark on the GMAC team in this important audit position,” said Sanjiv Khattri, GMAC chief financial officer. “We are fortunate to have someone of his caliber and expertise leading this important function as GMAC transitions to an independent company."

Weintraub comes to GMAC from KPMG LLP where he was the lead client-service partner for GMAC, in addition to leading KPMG's banking and finance advisory services teams in the Midwest and KPMG's internal audit and regulatory and compliance practice in Detroit. He also was KPMG's Midwest Internal Audit Services Consultation partner, responsible for overseeing compliance with firm and professional standards. Weintraub is a Certified Public Accountant in Michigan and a Certified Internal Auditor. He earned a bachelor's of business administration in accountancy from the University of Michigan in Ann Arbor in 1991, and a master's of business administration in Finance and Management from Wayne State University in 2001.

GMAC is a global financial services company that operates in 39 countries, in auto finance, residential mortgage, insurance and commercial finance businesses. With more than $300 billion in assets, it generated $2.5 billion in net income in 2005, on revenue of $19.2 billion. General Motors, which currently owns all of the stock of GMAC, announced earlier this year that it will sell a majority of its interest to a consortium of investors led by Cerberus Capital Management. The transaction is expected to close in the fourth quarter of 2006, at which time GMAC will become an independent privately held company.



Contact:

Joanne Krell
GMAC Global Communications
313.665.2443
Joanne.k.krell@gm.com

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