WASHINGTON (AP) — The Treasury Department named a private equity firm founder and a hedge fund manager to the board of Ally Financial Inc., the auto lender that the government controls after laying out billions in bailouts.

Gerald Greenwald and Henry Miller were elected to the board Wednesday at a meeting of Ally's common shareholders, Treasury and Ally said in separate news releases.

Greenwald is a founder of Greenbriar Equity Group, a private equity firm focused on transportation investments. He was chairman and CEO of United Airlines in the late 1990s, helping to return the company to profitability, Ally said.

Greenwald started his career at Ford Motor Co. and later worked at Chrysler, the company said.

Miller has been chairman of the hedge fund firm Marblegate Asset Management LLC since founding it in 2009. He was a co-founder, chairman and managing director of Miller Buckfire & Co. LLC, an investment bank that specializes in corporate restructurings, from 2002 until 2011. He also was a senior executive at Prudential Securities and Lehman Brothers, Ally said.

Ally is the new name for GMAC, formerly the lending division of General Motors. The lender required multiple bailouts after the financial crisis because of the auto industry's near-implosion and its heavy investments in mortgage bonds.

Ally has ramped up its direct banking franchise, advertising directly to consumers and offering low-cost, online-only accounts. But it remains primarily an auto finance company.

The Treasury Department owns 74 percent of Ally. It is entitled to appoint board members based on the size of its ownership stake.