Michael A. Carpenter, CEO of Ally Financial Inc., Joins Autobytel's Board of Directors
IRVINE, Calif.--(BUSINESS WIRE)--
Autobytel Inc. (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
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
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.
Carpenter received a Bachelor of Science Degree from the University of
Nottingham, England, and an M.B.A. from the Harvard Business School
where he was a Baker Scholar. He also holds an honorary Doctor of Laws
Degree from the University of Nottingham.
About Autobytel Inc.
Autobytel Inc., an online leader offering consumer purchase requests and
marketing resources to car dealers and manufacturers and providing
consumers with the information they need to purchase new and used
cars, pioneered the automotive Internet when it launched its
flagship website, autobytel.com,
in 1995. Autobytel continues to offer innovative products and services
to help consumers buy, and auto
dealers and manufacturers sell, more used and new
cars. Autobytel has helped tens of millions of automotive consumers
research vehicles; connected thousands of dealers nationwide with
motivated car buyers; and has helped every major automaker market its
brand online. Through its flagship website, its network of automotive
sites and respected online affiliates, Autobytel continues its
dedication to innovating the industry's highest quality Internet
programs to provide consumers with a comprehensive and positive
automotive research and purchasing experience, and auto dealers, dealer
groups and auto manufacturers with some of the industry's most
productive and cost-effective customer referral and marketing programs.
Investors and other interested parties can receive Autobytel news
releases and invitations to special events by accessing the online
registration form at http://investor.autobytel.com/alerts.cfm.
S.V.P., Chief Financial Officer
Source: Autobytel Inc.
News Provided by Acquire Media
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