(Nasdaq: ABTL), a leading provider of online consumer purchase requests and marketing resources to the automotive industry, today announced that Michael A. Carpenter has joined the company’s board of directors. He will also become a member of Autobytel’s audit committee.
Carpenter, 65, is chief executive officer of Ally Financial Inc., one of the nation’s leading automotive financial services companies, and also serves on Ally’s board of directors. Previously known as GMAC Financial Services, Ally's automotive services business offers a full suite of financing products and services. Ally Bank, its direct banking subsidiary, offers an array of deposit products, and Ally's commercial finance unit provides financing to middle-market companies.
“We are honored to welcome Mike to the Autobytel board,” said Michael J. Fuchs, Chairman of the Board of Directors. “His broad business, operational and financial experience, most recently in the automotive sector, will serve us well as we continue to leverage strong demand from our manufacturer and retail customers and improving automotive industry conditions.”
Prior to joining Ally, Carpenter was chairman and CEO of Citigroup Alternative Investments from 2002 to 2006, overseeing $60 billion of proprietary capital and customer funds globally. He founded Southgate Alternative Investments in 2007. Carpenter also was chairman and CEO of Citigroup’s Global Corporate & Investment Bank, with responsibility for Salomon Smith Barney Inc. and Citibank’s global corporate banking activities.
Prior to Citigroup, he was chairman and CEO of Travelers Life & Annuity and vice chairman of Travelers Group Inc., responsible for strategy and business development. From 1989 to 1994, Carpenter was chairman of the board, president and CEO of Kidder Peabody Group Inc., a wholly-owned subsidiary of General Electric Company. From 1986 to 1989, he was executive vice president of GE Capital Corporation, and from 1983 to 1986, he was responsible for corporate business development and strategic planning as well as mergers and acquisitions for General Electric. Carpenter has also held positions at the Boston Consulting Group and Imperial Chemical Industries as well as serving on the boards of various private and public companies.