RESTON, Va., Feb. 21, 2008—SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, announced today that it has appointed Michael E. Sheehan General Counsel.
Mr. Sheehan joined Sallie Mae in 1992. He has led the company’s legal work on corporate finance transactions and more than 15 mergers and acquisitions, and he has served for 10 years as the company’s lead securities lawyer on SEC filings and disclosures. Mr. Sheehan was a key player in the privatization process that transformed Sallie Mae from a government-sponsored entity (GSE) to a fully private sector organization, which included the refinancing of $100 billion of assets with securitizations and unsecured holding company debt, the defeasance of the GSE’s remaining debt obligations and a tender offer to purchase GSE debt securities.
“Mike has been a solid contributor to Sallie Mae’s success over the past 15 years,” said Albert Lord, chief executive officer. “He’s a veteran who has played a leadership role in the most significant transactions of our company’s history. I trust his counsel and his ability to lead the legal team as we move forward.”
Prior to joining Sallie Mae in 1992, Mr. Sheehan was an associate attorney of the corporate finance group for Venable, Baetjer and Howard, a leading national law firm.
Mr. Sheehan received a Bachelor of Arts degree in economics, with distinction in all subjects, Phi Beta Kappa, from Cornell University and a J.D. degree with honors from University of North Carolina at Chapel Hill School of Law.
For more information contact:
Martha Holler (703) 984-5178 (media)
Steve McGarry (703) 984-6746 (investor)
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 nearly $172 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages more than $19 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with 9 million members and $450 million in member rewards. 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
www.salliemae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.