Nelnet Mourns the Loss of Board Member William Cintani

Rhea-AI Summary

Nelnet (NYSE: NNI) announced the passing of board member William "Bill" Cintani on December 10, 2022. Cintani joined the board in May 2012 and brought over 40 years of business experience, enhancing Nelnet's strategic direction and financial stability. His leadership was instrumental to the company’s growth through diversification. Executive Chairman Michael Dunlap expressed his profound respect for Cintani, highlighting his mentorship and invaluable contributions over the years. The company extends condolences to Cintani's family during this difficult time.

Positive

• Cintani's leadership contributed to Nelnet's strategic diversification and financial stability.
• His extensive experience provided valuable insights that benefited the company's direction over a decade.

Negative

• The company may face continuity challenges following the loss of a long-term board member.
• Cintani's absence could create a gap in mentorship and institutional knowledge for the board.

LINCOLN, Neb., Dec. 16, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced with great sadness that board member William "Bill" Cintani passed away on December 10, 2022.

Cintani joined Nelnet's board of directors in May 2012 and was long-time chairman and chief executive officer of Mapes Industries. Before joining the Nelnet board, he served 10 years as a member of the board of directors of certain of the company's asset-backed securities special purpose corporations. With over 40 years of diverse business experience and financial acumen, Cintani added immeasurable value to the board for over a decade, helping to lead Nelnet down its current path of success through strategic diversification and strong financial positioning.

Nelnet's executive chairman of the board Michael Dunlap shared, "Bill was an incredible mentor to me personally as well as to Nelnet over the last 25 years. His pragmatic, straight-forward counsel played a significant role in Nelnet's success, and his advice, wit and dry sense of humor will be dearly missed."

Dunlap added, "Our thoughts are with Bill's family and friends, particularly his wife Marilyn and children Brian, David, Michael and Laura, during this difficult time."

View original content:https://www.prnewswire.com/news-releases/nelnet-mourns-the-loss-of-board-member-william-cintani-301705494.html

SOURCE Nelnet, Inc.

FAQ

Who was William Cintani and what was his role at Nelnet?

William Cintani was a board member at Nelnet since May 2012, with significant experience that aided the company's strategic growth.

When did William Cintani pass away?

William Cintani passed away on December 10, 2022.

What impact did Cintani have on Nelnet?

Cintani significantly contributed to Nelnet's success through his mentorship and financial expertise over more than a decade.

How did Nelnet's executive chairman respond to Cintani's passing?

Michael Dunlap expressed deep respect for Cintani, noting his invaluable mentorship and contributions to Nelnet.