Douglas R.  Timmerman net worth and biography

Douglas Timmerman Biography and Net Worth

Insider of Ally Financial
Doug Timmerman was appointed president of dealer financial services in the summer of 2021. In this expanded role, he is responsible for deepening Ally’s relationships with more than 19,000 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.

How old is Douglas R. Timmerman?

Mr. Timmerman is currently 61 years old. There are 7 older executives and no younger executives at Ally Financial. Learn More on Douglas R. Timmerman's age.

How do I contact Douglas R. Timmerman?

The corporate mailing address for Mr. Timmerman and other Ally Financial executives is 500 WOODWARD AVE. FLOOR 10, DETROIT MI, 48226. Ally Financial can also be reached via phone at (866) 710-4623 and via email at [email protected]. Learn More on Douglas R. Timmerman's contact information.

Has Douglas R. Timmerman been buying or selling shares of Ally Financial?

Douglas R. Timmerman has not been actively trading shares of Ally Financial within the last three months. Most recently, Douglas R. Timmerman sold 2,916 shares of the business's stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $47.78, for a transaction totalling $139,326.48. Learn More on Douglas R. Timmerman's trading history.

Who are Ally Financial's active insiders?

Ally Financial's insider roster includes Jeffrey Brown (CEO), David DeBrunner (CAO), Jennifer LaClair (CFO), Marjorie Magner (Director), Diane Morais (Insider), Jason Schugel (Insider), Scott Stengel (General Counsel), and Douglas Timmerman (Insider). Learn More on Ally Financial's active insiders.

Douglas R. Timmerman Insider Trading History at Ally Financial

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
2/1/2022Sell2,916$47.78$139,326.48View SEC Filing Icon  
1/3/2022Sell2,916$48.00$139,968.00View SEC Filing Icon  
5/3/2021Sell2,917$52.03$151,771.51104,891View SEC Filing Icon  
4/12/2021Sell2,917$47.38$138,207.46153,161View SEC Filing Icon  
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Douglas R. Timmerman Buying and Selling Activity at Ally Financial

This chart shows Douglas R Timmerman's buying and selling at Ally Financial by year and by quarter.

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Ally Financial Company Overview

Ally Financial logo
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers' vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the nursing facilities, senior housing, and medical office buildings. It also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.
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Today's Range

Now: $40.56
Low: $39.82
High: $40.71

50 Day Range

MA: $36.98
Low: $32.14
High: $40.60

2 Week Range

Now: $40.56
Low: $22.54
High: $41.56

Volume

3,562,329 shs

Average Volume

4,054,390 shs

Market Capitalization

$12.23 billion

P/E Ratio

13.57

Dividend Yield

3.06%

Beta

1.4