LINCOLN, Neb., April 17, 2018 /PRNewswire/ -- Nelnet (NYSE:
NNI) is mourning the death of co-founder and Board Vice Chairman
Stephen F. Butterfield, who passed
away on April 16, 2018, following
heart complications. Butterfield also served as co-chief executive
officer from 1996 to 2007.
"Our company is heavy hearted today as we reflect on Steve's
compassionate inspiration that became the soul of Nelnet," said
Chief Executive Officer Jeff
Noordhoek. "His laugh, smile, and personality will forever
be imprinted on our company, and our love goes out to his family
during this difficult time."
Butterfield's experience included more than 35 years in the
areas of student loans, capital markets, and municipal finance,
with deep competency in organizational dynamics. Butterfield was
instrumental in the formation of the Nelnet Foundation and Nelnet
Scholars program.
"Steve had an amazing memory for faces and names. He coached up
everyone around him and helped them reach further than they thought
possible," said Executive Chairman Mike
Dunlap. "The Nelnet family lost a great one, but his legacy
will live on through his positive approach toward the world."
About Nelnet
Nelnet (NYSE: NNI) is a diversified and innovative company
focused on offering educational services, technology solutions,
telecommunications, and asset management. Nelnet helps students and
families plan and pay for their education and makes the
administrative processes for schools more efficient with student
loan servicing, tuition payment processing, and school
administration software. Through its subsidiary, ALLO
Communications, Nelnet offers fiber optic services directly to
homes and businesses for ultra-fast internet and superior telephone
and television services. The company also makes investments in real
estate developments and new ventures. For more information, visit
Nelnet.com.
Media Contact: Ben Kiser,
402.458.3024; OR Investor Contact: Phil
Morgan, 402.458.3038
(code #: nnig)
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SOURCE Nelnet