Ally Financial Inc. today (Dec. 12) announced that Jenn LaClair will be joining the company as chief financial officer designate, effective Dec. 18, with the intent that she be appointed to succeed Ally’s current CFO Chris Halmy.

According to a release, Halmy will retire after eight years with Ally, effective March 1, 2018. LaClair will report to Ally CEO Jeffrey Brown, and be based in Charlotte, N.C.

“Since joining us in 2009, Chris has been a driving force in nearly every important and transformational initiative we’ve successfully undertaken as a company – from funding the business during the height of the financial crisis, to our initial public offering to our efforts to grow and diversify Ally with new lines of business and offerings, he has been instrumental,” stated Brown. “Beyond his contributions from a financial perspective, Chris has served as a true champion of our culture, and a tremendous partner to me, the board and the rest of the executive team. I want to thank him for his contributions, service and leadership at Ally.”

LaClair, 46, joins Ally from PNC Financial Services Group Inc. where she spent 10 years in business and finance roles. Most recently, she served as the head of the business bank and was charged with setting strategy, driving performance and managing risk. Prior to that, she served as chief financial officer for all of PNC’s lines of business. Earlier, she consulted with McKinsey and Co. where she focused on strategy, efficiency improvement and operational transformations.