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 provider of saving, planning and paying for education programs. Through its subsidiaries, the company manages $192 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages more than $21 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with 11 million members and more than $500 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.