Sallie Mae Announces Pete Graham as Next Chief Financial Officer
August 28 2023 - 4:30PM
Business Wire
Graham Set to Join Company on Sept. 18 and
Will Officially Begin Serving as CFO on Oct. 27
Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today
announced Pete Graham as its next Chief Financial Officer. Graham
will join the company on Sept. 18 as an Executive Vice President
and will officially assume the role of Chief Financial Officer on
Oct. 27. He will be responsible for finance, accounting, and
treasury activities, as well as equity and fixed income investor
relations. He will also serve as the lead financial spokesperson
for the company.
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the full release here:
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Pete Graham, next Sallie Mae Chief
Financial Officer. (Photo: Business Wire)
He succeeds Steve McGarry, who entered into a retention
agreement with the company earlier this year. McGarry will serve as
the Chief Financial Officer until Oct. 27, and will then remain
with the company as an Executive Vice President consistent with the
terms of his retention agreement.
“Like so many families that Sallie Mae serves, access to higher
education was pivotal to my unique journey and I feel a
particularly deep connection to the company’s mission,” said
Graham. “I am thrilled to be joining the team to power confidence
in students and families while driving meaningful growth, continued
efficiency, and long-term value for shareholders.”
Graham brings more than 30 years of extensive experience in
financial services and public accounting, most recently serving as
Chief Financial Officer for PRA Group. He was at General Electric
for more than a decade where he held various executive finance
roles of increasing responsibility including Chief Financial
Officer for GE Commercial Distribution Finance and GE Capital
Markets. Prior to his time at GE, Graham led audit and advisory
teams at KPMG LLP serving financial services clients in insurance,
banking, and asset management.
“Pete is an experienced public company chief financial officer
who brings a rich and diversified background to Sallie Mae,” said
Jon Witter, CEO, Sallie Mae. “He is a strategic leader committed to
operational efficiency and capital allocation discipline and will
be integral to our growth and long-term value creation. I’m pleased
to welcome him to our leadership team.”
Witter continued, “I want to also thank Steve McGarry for his
many years of service and countless contributions to Sallie Mae.
He’s been a trusted partner, leader, and friend. On behalf of our
Board of Directors and entire leadership team, we wish him the best
in retirement.”
Graham earned a bachelor's degree in accounting from the
University of Connecticut.
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/20230828260909/en/
Media: Rick Castellano 302.451.2541
rick.castellano@salliemae.com
Investors: Melissa Bronaugh 571.526.2455
melissa.bronaugh@salliemae.com
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