RESTON, Va., Aug. 6, 2008—The Board of Directors of SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, announced today that it has appointed J. Terry Strange to the Board.
Mr. Strange is retired from KPMG LLP, where he served as vice chair and managing partner of the U.S. audit practice. He also served as the global managing partner of the audit practice of KPMG International and was a member of its international executive committee. Most recently, he served as lead architect of the redesign of the KPMG audit methodology and led development of the global strategy for the worldwide audit business. Mr. Strange currently serves on the Board of Directors of BearingPoint, Inc., Group1 Automotive, Inc., New Jersey Resources Corporation and Newfield Exploration Company.
“I am pleased to welcome Terry to our Board,” said Tony Terracciano, Chairman of the Board. “He is a world class accountant. His strong financial background will add great value to the company.”
For more information contact:
Tom Joyce (703) 984-5610 (media)
Martha Holler (703) 984-5178 (media)
Steve McGarry (703) 984-6746 (investor)
Joe Fisher (703) 984-5755 (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.