RESTON, Va., July 11, 2008—Sallie Mae (NYSE: SLM), the nation’s leading saving- and paying-for-college company, today announced the appointments of Timothy Kitt, Jim Truitt and Harry (Gus) Zunino.
Kitt joins Sallie Mae as senior vice president, corporate finance. In this role, he will oversee the modeling, structuring and analysis of the company’s asset-backed securities. Previously Kitt served in a variety of structured finance and capital markets roles at Wells Fargo Home Mortgage and KPMG Peat Marwick LLP. Most recently, he managed Wells Fargo’s asset-backed group responsible for mortgage and student loan product trading, structuring and analytics. Kitt received a Bachelor of Science degree from University of Virginia’s McIntire School of Commerce.
Truitt joins Sallie Mae as senior vice president and chief compliance officer. In this role, Truitt will oversee the company’s regulatory compliance and controls activities. Previously Truitt served in a progression of risk management roles spanning a 22-year career at MBNA and Bank of America, implementing regulatory compliance and operational control programs including Sarbanes Oxley. Most recently, he had risk management responsibility for global consumer and small banking business units of Bank of America. Truitt received a Bachelor of Science degree in business administration from the University of Tennessee - Knoxville.
Zunino joins Sallie Mae as vice president, compliance. In this role, Zunino will assume responsibility for ensuring and monitoring the company’s compliance with all applicable laws and regulations. Previously, Zunino served in a variety of compliance and operational risk management roles within retail banking at MBNA and Bank of America. Most recently, he had compliance oversight for Bank of America’s Consumer Real Estate Fulfillment and Practice Solutions business lines. Zunino has received a number of professional certifications, including: Certified Regulatory Compliance Manager, Certified Internal Auditor, Certified Risk Professional and Certified Information Privacy Professional. He received a Bachelor of Science degree in business administration from Millersville University.
For more information contact:
Tom Joyce (703) 984-5610 (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 $178 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 9.4 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.