RESTON, Va., Sept. 22, 2008—Sallie Mae (NYSE: SLM), the nation’s leading saving- and paying-for-college company, today announced the appointment of David West as senior vice president and chief credit officer.
In this role, West will be responsible for credit risk management and will chair the company’s Credit Committee. West has over 30 years of credit and risk management experience in commercial and retail banking. Previously, he served for 11 years in senior credit and risk management positions at MBNA and Bank of America.
The company also announced that Jack Hewes, who joined the company in March 2008 as executive vice president and chief credit officer, has been appointed chief lending officer. In this role, he will take lead responsibility over the company's loan pricing, underwriting review, collection activities and portfolio management.
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 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.