Navient appoints Kelly Christiano as Consumer Lending EVP

Rhea-AI Summary

Navient (Nasdaq: NAVI) has appointed Kelly Christiano as executive vice president of consumer lending, effective immediately. Christiano brings extensive experience, having previously held senior positions at IGI Enterprises and Sallie Mae. Her leadership is expected to enhance Navient's consumer lending organization, known for innovative products that benefit customers. CEO Jack Remondi praised her reputation for innovation and execution in both startups and Fortune 500 companies. Christiano holds degrees from Harvard University and The Wharton School.

Positive

• Appointment of Kelly Christiano expected to enhance leadership in consumer lending.
• Christiano's strong background in innovation and execution could drive product development.

Negative

• Concerns may arise regarding the transition period and potential continuity issues in leadership.

WILMINGTON, Del., May 12, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in education loan management and business processing solutions, announced the appointment of Kelly Christiano as executive vice president of consumer lending.

“Kelly has earned a reputation for innovation and flawless execution at both start-ups and Fortune 500 firms,” said Jack Remondi, Navient president and CEO. “Those skills make her well-equipped to lead our Consumer Lending organization, which provides innovative and responsible products that benefit customers.”

Christiano’s 30-year career spans multiple industries and disciplines – most recently leading IGI Enterprises where she consulted with a variety of organizations, including serving as chief marketing officer for Transact, a leading payments company serving colleges and universities. Prior to that, she was senior vice president of private student lending at Sallie Mae.

Christiano received a Bachelor of Arts degree in economics from Harvard University, and a Master of Business Administration degree from The Wharton School at the University of Pennsylvania.

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. We help our 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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f24a5df2-a6fa-436b-9a63-1be7f0165024

FAQ

Who is Kelly Christiano, and what is her role at Navient?

Kelly Christiano has been appointed as the executive vice president of consumer lending at Navient, bringing her extensive experience from various leadership roles in the financial sector.

What impact could Kelly Christiano's appointment have on Navient's stock price?

Her leadership in consumer lending may positively influence Navient's stock price through improved product offerings and innovation.

What prior experience does Kelly Christiano have before joining Navient?

Christiano previously served as senior vice president of private student lending at Sallie Mae and led IGI Enterprises as a consultant.

When was Kelly Christiano appointed at Navient?

Kelly Christiano was appointed as executive vice president of consumer lending on May 12, 2021.

What educational background does Kelly Christiano have?

Kelly Christiano holds a Bachelor of Arts degree in economics from Harvard University and an MBA from The Wharton School of the University of Pennsylvania.