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    Biography

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    Alvaro G. de Molina
    Former Chief Executive Officer, GMAC Financial Services

    Alvaro G. de Molina, age 59, Alvaro G. de Molina has served as a director since September 2012. He has served as a member of the Audit Committee since 2012, a member of the Compensation and Human Resources Committee since 2012, and as a member of the Compliance Committee since 2014. Prior to serving on the Board of Directors, Mr. de Molina served as the Chief Executive Officer of Ally Financial Inc., previously known as GMAC Inc. (“GMAC”), an automotive financing, corporate and home loan company, beginning in April 2008, and on the Board of Directors of GMAC beginning in March 2009, until resigning from both positions in November 2009. Prior to joining GMAC, Mr. de Molina was with Cerberus Capital Management, L.P., a private investment firm, and prior thereto Mr. de Molina had a 17-year career at Bank of America Corporation (“Bank of America”) where he held a number of positions in senior management, including Chief Financial Officer, Chief Executive Officer of Banc of America Securities, President of Global Corporate and Investment Banking and Corporate Treasurer. Before joining Bank of America, Mr. de Molina served in the lead financial role for emerging markets at J.P. Morgan Chase & Co. Mr. de Molina began his career at PwC. Mr. de Molina has served on the board of directors of Regional Management Corp., a consumer finance company (where he serves as Lead Director and a member of the Corporate Governance and Nominating Committee and Audit Committee) since 2012. Mr. de Molina holds a bachelor’s degree in accounting from Fairleigh Dickinson University and a master’s degree in business administration from Rutgers Business School.

     

     

     

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