SLM Corporation Appoints Jim Matheson and Vivian C. Schneck-Last as Independent Directors
Mar 30 15
On March 26, 2015, the Board of Directors of SLM Corporation appointed to the Board Jim Matheson and Vivian C. Schneck-Last as independent directors of the Company, effective immediately. In connection with the appointments, the Board also voted to increase the number of Board seats from eleven to twelve. Mr. Matheson has been appointed to the Board's Nominations, Governance, and Compensation Committee. Ms. Schneck-Last has been appointed to the Board's Risk Committee, and the Executive and Strategic Planning Committee. Mr. Matheson and Ms. Schneck-Last are independent directors who will stand for election at the annual meeting of stockholders in June 2015. Mr. Matheson represented the state of Utah in the U.S. House of Representatives from 2001 to 2015. Mr. Matheson served as a chief deputy whip for the House Democratic Caucus and was a member of the Energy and Commerce, Financial Services, and Transportation and Infrastructure Committees. Earlier this year, he joined Squire Patton Boggs. Ms. Schneck-Last brings more than 25 years of experience in developing, implementing, and executing strategic technology initiatives at Goldman Sachs & Company, most recently serving as Managing Director, Global Head of Technology Governance. During her tenure, Ms. Schneck-Last played instrumental roles in readying the firm's information technology function first for becoming a public company and then a bank holding company. Ms. Schneck-Last established the firm's technology governance function and Technology Risk Committee, founded the Technology Business Development function and was a key liaison with regulators during the firm's transition to bank holding company status.
Sallie Mae Announces Board Changes
Feb 11 15
Sallie Mae has announced the appointment of several new members to its national sales team. The company has appointed David Long as the new vice president and head of its south region. Long comes to Sallie Mae after spending the last four years at USA Funds where he was vice president of Sales managing the national sales and consulting teams. Nicki Bucceri returns to Sallie Mae as director of business development for North Carolina. Bucceri brings more than eight years of experience in higher education, including previous roles at Sallie Mae and most recently with Higher One Inc. Chris Earnshaw brings more than 12 year of higher education and financial experience to his new role as director of business development for New York. Prior to joining Sallie Mae, Earnshaw held positions at Nelnet Diversified Solutions, Key Bank and Chase Education Finance. Melony Ohalek returns to Sallie Mae as director of business development for Western Pennsylvania. Ohalek brings more than 15 years of higher education and financial aid experience most recently at Apollo Education Group and previously at Sallie Mae. Brad Riebel comes to Sallie Mae with more than 20 years of experience in higher education finance and banking, most recently at US Bank. Riebel will serve as director of business development for Minnesota. Shawn Murphy brings more than 18 years of higher education and financial aid experience to his new role as director of business development for Colorado. Murphy most recently served as interim Director of Financial Aid at the University of Denver and previously held positions at Rider University, the New Jersey Higher Education Assistance Authority and Citigroup Student Loan Corporation.
Sallie Mae Declares Preferred Stock Series A and B Dividends
Feb 10 15
Sallie Mae announced a 2015 first-quarter dividend on its Preferred Stock Series B of $0.4911093 per share. The dividend will be paid on March 16, 2015 to stockholders of record at the close of business on March 6, 2015. In addition, the company announced a 2015 second-quarter dividend on its Preferred Stock Series A of $0.87125 per share. The dividend will be paid on April 30, 2015, to stockholders of record at the close of business on April 20, 2015.