RESTON, Va., May 1, 2009—Sallie Mae (NYSE: SLM), the nation’s leading saving-, planning- and paying-for-college company, today announced that it has strengthened its management team with recent executive management appointments.
Joe DePaulo has been appointed executive vice president and chief marketing officer. As the company broadens its program of offering saving-, planning- and paying-for-college products and services to students and parents, DePaulo will lead this effort. He brings 20 years of experience in consumer finance marketing, primarily at MBNA.
In addition, the company announced the appointments of April Stercula as senior vice president, loan operations, and Timothy Staley as senior vice president, technology. These appointments were made to build upon the management of the company’s loan processing and servicing operations. They bring 15 and 20 years of financial services experience, respectively, primarily at MBNA.
“These appointments underscore our commitment to help students access higher education and to provide the best operations and technology infrastructure to our loan servicing clients,” said Albert L. Lord, CEO.
For more information contact:
Patricia Nash Christel (703) 984-5382 (media)
Steve McGarry (703) 984-6746 (investors)
SLM Corporation (NYSE:
SLM), commonly known as Sallie Mae, is the nation’s leading saving, planning and paying for education company. Sallie Mae’s saving programs, planning resources and financing options have helped more than 31 million people make the investment in higher education. Through its subsidiaries, the company manages $176 billion in education loans and serves 10 million student and parent customers. In addition, the company’s Upromise program has enabled 11 million members to earn more than $525 million in rewards to help pay for college. Its Upromise affiliates also manage more than $23 billion in 529 college-savings plans. Sallie Mae offers services to a range of institutional clients, including colleges and universities, 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.