Navient appoints Joe Fisher as new CFO

Rhea-AI Summary

Navient (Nasdaq: NAVI) has appointed Joe Fisher as the new executive vice president and chief financial officer, effective October 7, 2020. Fisher, who has been with Navient since 2002, has previously served as the vice president of investor relations and corporate development, leading the investor relations team since 2014. The appointment is expected to enhance the company’s leadership in education loan management and business processing. Fisher's deep knowledge of Navient’s operations and strategy is anticipated to benefit the firm as it continues to support clients across various sectors.

Positive

• Joe Fisher's extensive experience and familiarity with Navient's operations may lead to improved financial strategies.
• His prior role in investor relations positions him well to maintain investor confidence.

Negative

• Transition to a new CFO might create short-term uncertainty regarding strategic continuity.

WILMINGTON, Del., Oct. 06, 2020 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in education loan management and business processing solutions, announced the appointment of Joe Fisher as executive vice president and chief financial officer, effective Oct. 7, 2020.

“Joe is ideally suited to take on the CFO responsibilities, given his extensive experience with and knowledge of the company’s operations, finances and strategy,” said Jack Remondi, president and CEO, Navient. “He has long played a key role in the company, and is well-known and highly regarded by our investors, our board and our team. I look forward to continuing to work closely with Joe in the years ahead in this critical leadership role.”

Fisher was Navient’s vice president of investor relations and corporate development, having led the investor relations team since 2014. He held various roles with increasing responsibility since joining the company in 2002. His B.S. in finance was earned at the University of Pittsburgh. Fisher is a Chartered Financial Analyst and serves on the board of Building Hope, an education nonprofit dedicated to expanding opportunities for underserved students and families.

About Navient
Navient (Nasdaq: NAVI) is a leading provider of education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. Navient helps clients and millions of Americans achieve success through technology-enabled financing, services, and support. Learn more at Navient.com.

Contact:
Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.com

Investors: Nathan Rutledge, 703-984-6801, nathan.rutledge@navient.com 

FAQ

Who is the new CFO of Navient?

Joe Fisher has been appointed as the new executive vice president and chief financial officer of Navient.

When does Joe Fisher start as CFO?

Joe Fisher will assume the role of CFO on October 7, 2020.

What was Joe Fisher's previous role at Navient?

Before becoming CFO, Joe Fisher served as the vice president of investor relations and corporate development.

How long has Joe Fisher been with Navient?

Joe Fisher has been with Navient since 2002.

What qualifications does Joe Fisher have?

Joe Fisher holds a B.S. in finance from the University of Pittsburgh and is a Chartered Financial Analyst.

What impact might Joe Fisher's appointment have on Navient?

Fisher's appointment may bring enhanced financial strategy and stability, but could also create initial uncertainty during the transition.