Sallie Mae Appoints Samuel Ramsey to Its Board of Directors

Rhea-AI Summary

Sallie Mae (Nasdaq: SLM) has appointed Samuel Ramsey to its board of directors, bringing over 30 years of experience in financial services and risk management. Previously, he served as Chief Risk Officer at Chase and Ally Financial, and held executive roles at Bank of America. Chairman Carter Franke stated that Ramsey's expertise will bolster the company's risk and compliance functions, essential for its success. This strategic appointment aims to strengthen leadership in an increasingly complex financial environment.

Positive

• Appointment of Samuel Ramsey enhances board expertise in risk management.
• Over 30 years of relevant experience in financial services.
• Past leadership roles at major financial institutions indicate strong credentials.

Negative

• No significant negative aspects reported.

 Mr. Ramsey Brings More than 30 Years of Experience in Financial Services and Risk Management to the Board

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

(Graphic: Business Wire)

Mr. Ramsey joins the Board bringing more than 30 years of experience in consumer and commercial banking, with expertise in risk management, finance, treasury, and the capital markets. He has served as Chief Risk Officer for Chase, the consumer and small business organization within JP Morgan Chase & Co., and previously served as Chief Risk Officer at Ally Financial. Mr. Ramsey also served as Chief Financial Officer, Global Corporate and Investment Banking, at Bank of America where he also held various executive-level risk management roles and helped develop and lead the company’s Global Risk Management division.

After retiring in 2014, Mr. Ramsey served on the Board of Ditech Holding Corporation as Chairman of the Audit Committee and a member of the Compliance Committee as well as the Finance Committee. He earned his bachelor’s degree in economics from The College of William & Mary.

“Mr. Ramsey’s significant track record in financial services and, in particular, risk management, further deepens our expertise in this critical area for the business,” said Carter Franke, Chair of the board of directors, Sallie Mae. “Strong risk and compliance functions are foundational to our company’s success, and I look forward to Mr. Ramsey’s contributions in these areas.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211104006266/en/

Rick Castellano

302.451.2541

rick.castellano@salliemae.com

Source: Sallie Mae

FAQ

Who is Samuel Ramsey and what is his role at Sallie Mae?

Samuel Ramsey has been appointed to the board of directors at Sallie Mae, bringing over 30 years of experience in financial services and risk management.

What previous positions has Samuel Ramsey held before joining Sallie Mae's board?

Before joining Sallie Mae, Ramsey served as Chief Risk Officer at Chase and Ally Financial, and held executive roles at Bank of America.

How will Samuel Ramsey's appointment impact Sallie Mae?

Ramsey's extensive experience in risk management is expected to strengthen Sallie Mae's compliance and risk functions, which are critical for the company's success.

When did Samuel Ramsey's appointment to Sallie Mae's board become effective?

Samuel Ramsey's appointment to the board of directors at Sallie Mae became effective immediately upon announcement.