Sallie Mae Appoints Ted Manvitz to Its Board of Directors

Rhea-AI Summary

Sallie Mae (Nasdaq: SLM) announced the immediate appointment of Ted Manvitz to its board of directors. With over 20 years of experience, including a decade at IHS Holding Plc, where he played a crucial role in its transformation into a leading telecommunications infrastructure developer, Manvitz brings valuable expertise. His roles included chief operating officer and chief financial officer. The board chair emphasized that Manvitz's diverse experience will strengthen the company’s strategic focus and enhance its capacity to deliver for customers.

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• Ted Manvitz's extensive experience in strategic management and capital markets enhances the board's expertise.
• His proven track record at IHS Holding Plc positions Sallie Mae for future success.

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• None.

Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced the appointment of Ted Manvitz to its board of directors, effective immediately.

(Photo: Business Wire)

Mr. Manvitz joins the Board with more than 20 years of experience in strategic advice, senior executive management, operations, and capital markets. He spent the last ten years at IHS Holding Plc, where he held a variety of roles including chief operating officer, chief investment officer, chief financial officer, and chief strategy officer. He was instrumental in transforming IHS from a regional managed services company to the fourth largest independent developer and owner of telecommunications infrastructure in the world.

In addition, Mr. Manvitz is a non-executive director and senior advisor at Cornerstone Capital Partners in South Africa, and an adjunct faculty member at American University, in Washington D.C.

Mr. Manvitz received his bachelor’s degree in business administration with a major in accounting from Avila University (cum laude), a law degree from the University of Iowa College of Law (with distinction), and an MBA from the Kelly School of Business, Indiana University.

“Mr. Manvitz further diversifies the experience and expertise of our board as we focus and align to our strategic priorities and continue to deliver for our customers,” said Carter Franke, Chair of the board of directors, Sallie Mae. “In particular, his stellar track record in financial services, including operations and the capital markets, deepens our overall bench and well-positions Sallie Mae and our customers for future success.”

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/20210322005764/en/

FAQ

Who is Ted Manvitz and what is his role at Sallie Mae?

Ted Manvitz is a new board member at Sallie Mae, bringing over 20 years of experience in strategic management and capital markets.

What impact does Ted Manvitz's appointment have on Sallie Mae?

His appointment is expected to strengthen the board's expertise and help align strategic priorities for future success.

When was Ted Manvitz appointed to the Sallie Mae board?

Ted Manvitz was appointed to the Sallie Mae board of directors effective immediately.

What experience does Ted Manvitz have?

Ted Manvitz has over 20 years of experience, including significant roles at IHS Holding Plc, where he helped transform the company into a leading telecommunications infrastructure provider.

What are Sallie Mae's strategic priorities?

While specific priorities are not detailed in the press release, the focus is on aligning to strategic objectives and enhancing delivery for customers.