Sallie Mae (NASDAQ: SLM) has recently appointed two new members to its board of directors, effective April 23, 2025. Dr. Daniel Greenstein, the managing director of higher education at Baker Tilly (US), joins the board with extensive experience in higher education strategy and innovation. He previously served as the chancellor of the Pennsylvania State System of Higher Education and as the director of US programs * education, postsecondary success at the Bill & Melinda Gates Foundation.
On the other hand, Mr. Gary Millerchip, the executive vice president and chief financial officer at Costco Wholesale Corporation, brings decades of experience in finance, retail banking, and corporate strategy to the board. Prior to his current role, he held various positions at the Kroger Co., culminating as the senior vice president and chief financial officer.
Sallie Mae's chair of the board of directors, Carter Franke, expressed confidence in the new appointments, stating that "their significant experience and perspectives will help us advance our strategic priorities and deliver for customers and shareholders."
These appointments reflect Sallie Mae's commitment to strengthening its board with accomplished leaders who bring diverse expertise and skills to drive the company's strategic priorities and enhance value for its stakeholders. The market has reacted to these announcements by moving the company's shares -1.4% to a price of $27.75. Check out the company's full 8-K submission here.
