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Sallie Mae Appoints Steven McGarry Senior Vice President, Corporate Finance

  Sallie Mae Appoints Steven McGarry Senior Vice President, Corporate Finance

Business Wire

NEWARK, Del. -- June 17, 2013

Sallie Mae (NASDAQ: SLM), formally SLM Corporation, today announced the
appointment of Steven McGarry as senior vice president, corporate finance,
effective immediately.

In this role, Mr. McGarry will assume responsibility for all of the company’s
funding activities as well as the management of the corporation’s rating
agency relationships and equity and fixed income investor relations.

“Our capital markets and treasury activities are critical functions of our
growing and evolving organization,” said Joseph DePaulo, executive vice
president, banking and finance. “Steve has the experience and talent to lead
in this role as we execute our recently announced plan to separate the
company.”

Mr. McGarry joined the company’s corporate finance team in 1997 and took
leadership of equity investor relations in 2003 and fixed income investor
relations in 2011. He began his career in finance in 1985 with the Toronto
Dominion Bank where he held treasury positions in both London and New York.

Mr. McGarry received a Bachelor of Arts degree in economics from Stony Brook
University and a Master of Business Administration in finance from New York
University.

Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services company
specializing in education. Celebrating 40 years of making a difference, Sallie
Mae continues to turn education dreams into reality for American families,
today serving 25 million customers. With products and services that include
529 college savings plans, Upromise rewards, scholarship search and planning
tools, education loans, insurance, and online banking, Sallie Mae offers
solutions that help families save, plan, and pay for college. Sallie Mae also
provides financial services to hundreds of college campuses as well as to
federal and state governments. Learn more at SallieMae.com. Commonly known as
Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or
agencies of the United States of America.

Contact:

Sallie Mae
Media:
Martha Holler, 302-283-4036
martha.holler@SallieMae.com
or
Patricia Nash Christel, 302-283-4076
patricia.christel@SallieMae.com
or
Investors:
Joe Fisher, 302-283-4075
joe.fisher@SallieMae.com
or
Steven McGarry, 302-283-4074
steven.j.mcgarry@SallieMae.com
 
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