Sallie Mae Appoints R. Scott Blackley to Its Board of Directors

Rhea-AI Summary

Sallie Mae (Nasdaq: SLM) announced the appointment of R. Scott Blackley to its board of directors, effective immediately. Blackley, currently Chief Financial Officer at Oscar Health, brings extensive expertise in financial services, strategy, and operations. His past roles include CFO at Capital One, where he served from May 2016 to March 2021. The board chair, Carter Franke, expressed confidence in Blackley’s ability to contribute to the company's strategic priorities.

Positive

• Appointment of R. Scott Blackley is expected to enhance board expertise.
• Blackley brings extensive experience from notable companies like Capital One and Oscar Health.

Negative

• None.

Mr. Blackley Brings Significant Financial Services and Operations Experience to the Board

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced the appointment of R. Scott Blackley to its board of directors, effective immediately.

Mr. Blackley has been Chief Financial Officer at Oscar Health, Inc. since March 2021, and effective December 1, will step into a new role as Oscar’s Chief Transformation Officer overseeing operations, corporate strategy, and the company’s +Oscar business. He brings decades of experience in financial services, risk management, strategy, and operations to the Sallie Mae board having also served as Chief Financial Officer at Capital One Financial Corporation from May 2016 to March 2021 and as Capital One’s Controller from March 2011 to March 2017 and as its Principal Accounting Officer from July 2011 to May 2017.

Mr. Blackley also held executive positions at Fannie Mae and senior roles in consulting and public accounting, including an appointment to the U.S. Securities and Exchange Commission as a Professional Accounting Fellow and as a Partner with KPMG, LLP. He holds a bachelor’s degree in accounting from the University of Utah.

“Scott is a well-respected and seasoned executive with tremendous insight, vision, and experience in financial services and operations,” said Carter Franke, Chair of the Board of Directors, Sallie Mae. “We look forward to tapping into his vast knowledge, leadership, and expertise as we continue to deliver on our strategic priorities for customers and shareholders.”

For more information visit www.salliemae.com.

Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Category: Corporate and Financial

View source version on businesswire.com: https://www.businesswire.com/news/home/20221116005973/en/

Rick Castellano

302.451.2541

rick.castellano@salliemae.com

Source: Sallie Mae

FAQ

Who is the new board member appointed at Sallie Mae?

R. Scott Blackley has been appointed to the board of directors at Sallie Mae.

What experience does R. Scott Blackley bring to Sallie Mae?

R. Scott Blackley brings decades of experience in financial services, having served as CFO at Capital One and Oscar Health.

When did R. Scott Blackley join Sallie Mae's board?

R. Scott Blackley joined Sallie Mae's board of directors effective immediately.

What role did Blackley hold prior to joining Sallie Mae's board?

Before joining Sallie Mae's board, Blackley was the Chief Financial Officer at Oscar Health.

How might Blackley's appointment impact Sallie Mae?

His appointment is expected to strengthen leadership and contribute positively to the company’s strategic priorities.