RESTON, Va., Nov. 28 /PRNewswire-FirstCall/ -- SLM Corporation (NYSE:
SLM), commonly known as Sallie Mae, announced today that Albert L. Lord has
been appointed Executive Chairman.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )
In this role, Mr. Lord assumes principal executive management
responsibility and will continue to serve as Chairman of the Board. C.E.
Andrews will continue to serve as Chief Executive Officer and report to Mr.
Lord.
Mr. Lord has served as Chairman of the Board of Sallie Mae since March
2005. Prior to that appointment, Mr. Lord served as the company's Vice
Chairman and Chief Executive Officer, beginning in 1997. He held various
executive officer positions with Sallie Mae's predecessor, the Student Loan
Marketing Association, from 1981 to 1994.
"I look forward to taking a more active role in working with C.E. and
Sallie Mae's experienced management team," said Mr. Lord. "The company has
entered another exciting and challenging period in its 35-year history. Our
Board and management will work together to continue to grow our business."
SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the
nation's leading provider of saving- and paying-for-college programs. The
company manages $160 billion in education loans and serves nearly 10
million student and parent customers. Through its Upromise affiliates, the
company also manages $19 billion in 529 college-savings plans, and 8
million members have joined Upromise to help save for college with rewards
on purchases at nearly 70,000 places. Sallie Mae and its subsidiaries offer
debt management services as well as business and technical products to a
range of business clients, including higher education institutions, student
loan guarantors and state and federal agencies. More information is
available at http://www.salliemae.com. SLM Corporation and its subsidiaries are
not sponsored by or agencies of the United States of America.
SOURCE Sallie Mae
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Related links:
http://www.salliemae.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/827187.html/
CONTACT:
Media: Tom Joyce, +1-703-984-5178,
tom.joyce@salliemae.com, or Investors: Steve McGarry,
+1-703-984-6746, steven.j.mcgarry@salliemae.com, both of Sallie
Mae
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