Sallie Mae Names Kerri Palmer Chief Risk and Compliance Officer

Rhea-AI Summary

Sallie Mae (Nasdaq: SLM) has appointed Kerri Palmer as the new Chief Risk and Compliance Officer. Palmer, a seasoned professional with over 20 years in risk management, joins from Capital One, where she was a senior vice president. She succeeds Jeff Dale, who held the position since 2014. CEO Jonathan Witter emphasized the importance of strong risk and compliance functions for the company’s success and expressed confidence in Palmer's ability to drive strategic alignment. Palmer holds degrees from Wheaton College and Texas A&M University.

Positive

• Kerri Palmer appointed as Chief Risk and Compliance Officer, bringing over 20 years of experience.
• Palmer's appointment is aimed at enhancing risk management and compliance functions, crucial for company success.

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• None.

Sallie Mae^® (Nasdaq: SLM), formally SLM Corporation, has named Kerri Palmer Chief Risk and Compliance Officer. Palmer will oversee Sallie Mae’s integrated risk and compliance organization. She succeeds Jeff Dale who served as Sallie Mae’s Chief Risk Officer since 2014, and the interim Chief Risk and Compliance Officer since the fall of 2020.

An industry veteran, Palmer joins Sallie Mae from Capital One, where she served as senior vice president of risk management. She brings more than 20 years of experience in risk assessment and management, regulatory compliance, process improvement, program management, business analysis, operations leadership, and change management. She has built and transformed programs in enterprise risk, operational risk, cyber and technology risk, internal and external fraud risk, third-party risk, and business continuity risk.

“Strong risk and compliance functions are critical to Sallie Mae’s success, providing credible challenge to our leaders, and ensuring the proactive management and mitigation of enterprise-wide risk,” said Jonathan Witter, Sallie Mae CEO. “Kerri will play an integral role as we drive focus and alignment to our strategic priorities and I’m confident her comprehensive experience will help us continue delivering for our customers.”

Palmer earned a Bachelor of Arts in mathematics and economics from Wheaton College (MA), and a Master of Science in statistics from Texas A&M University.

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/20210126005643/en/

FAQ

Who is the new Chief Risk and Compliance Officer of Sallie Mae?

Kerri Palmer has been appointed as the new Chief Risk and Compliance Officer of Sallie Mae.

What experience does Kerri Palmer bring to Sallie Mae?

Kerri Palmer has over 20 years of experience in risk assessment and management, joining from Capital One.

Who did Kerri Palmer replace at Sallie Mae?

Kerri Palmer succeeds Jeff Dale, who served as Chief Risk Officer since 2014.

What is the significance of Kerri Palmer's appointment for Sallie Mae?

Her appointment is intended to strengthen risk management and compliance functions, vital for the company's strategic priorities.

What educational background does Kerri Palmer have?

Kerri Palmer holds a Bachelor of Arts in mathematics and economics from Wheaton College and a Master of Science in statistics from Texas A&M University.