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Sallie Mae Appoints Carter Warren Franke Chair of the Board of Directors
Franke is First Woman to Serve as Company’s Chair NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced that
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[{"type":"text","content":"\nFranke is First Woman to Serve as Company’s Chair \n\n NEWARK, Del.--(BUSINESS WIRE)--\nSallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced that Carter Warren Franke has been appointed Chair of its Board of Directors, effective immediately. Ms. Franke is the first woman to lead the company’s Board of Directors.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200618005912/en/Sallie Mae appoints Carter Warren Franke Chair of the Board of Directors. (Photo: Business Wire)\n\nMs. Franke has served as an independent director and member of Sallie Mae’s Board since April 2014. An industry veteran, she brings decades of executive leadership, business development, marketing, and financial expertise to her role as Chair. She was formerly the managing director and head of corporate marketing of JPMorgan Chase & Co., and also served as executive vice president and chief marketing officer for Chase Card Services.\n\n\n“Higher education is an investment that empowers students’ future opportunities. As the leader in private student lending, our role is to help families make that investment responsibly,” said Ms. Franke, Chair of the Board of Directors, Sallie Mae. “Our Board appreciates that our customers’ success yields our company’s success. We are focused and aligned on providing more value to more customers to enable their positive outcomes and bright futures.”\n\n\nMs. Franke succeeds Raymond Quinlan, whose service as Chairman of the Board ended at the company’s Annual Meeting of Shareholders, held earlier today.\n\n\nMs. Franke continued, “On behalf of the entire Board and the Sallie Mae team, I thank Ray for his vision to bring together a skilled team with diverse experience, talent, and perspectives and to guide Sallie Mae into its next chapter as a customer-focused, consumer bank. Looking forward, the Board will work closely with Jon Witter and his executive team to ensure the company’s customer strategy results in strong, stable, and capital-efficient returns for shareholders while maintaining the public’s trust and regulatory commitments.”\n\n\n“Today’s historic announcement for Sallie Mae follows through on our succession planning process that ensures the company is best positioned to continue to deliver for its customers,” said Paul Child, Audit Commi...