Executive Changes: Sallie Mae Announces Officer Promotions

SLM Corporation (NYSE: SLM), commonly known as Sallie Mae and the nation’s leading saving- and paying-for-college company, today announced the following officer promotions:

Cecelia Dwyer was promoted to vice president, school marketing. She joined Sallie Mae in 2001 and served as President of the company’s TrueCareers subsidiary prior to joining the corporate marketing department in 2006. Ms. Dwyer holds a Bachelor of Science degree from James Madison University.

Michael Maier joined Sallie Mae as vice president. In this role, he will help shape the company’s consumer lending businesses. Mr. Maier spent 11 years at MBNA and has an extensive background in operations management, marketing, product development and risk management. Most recently, he was managing director at Elm Tree Financial. Mr. Maier earned a bachelor’s degree in aerospace engineering from the U.S. Naval Academy.

Brandon McBride was promoted to vice president, private credit collection strategies. He joined Sallie Mae in 2003 and is the lead within the collections group on private credit portfolio management. He holds an M.B.A. from the University of Texas and a bachelor’s degree in business from Pepperdine University.

Doug St. Peters was promoted to vice president, portfolio management. He joined Sallie Mae as manager, portfolio management in 2002 and currently manages $6.5 billion in inventory of guaranteed and private defaulted loans. Mr. St. Peters earned an M.B.A. from Butler University and a bachelor’s degree in finance from Indiana University.

Mike Walter was promoted to vice president, private credit collection operations. He joined Sallie Mae in 2005 as a member of the Arrow Financial Services management team and currently oversees the company’s Muncie, Ind., Niles, Ill., and Summerlin, Nev., call centers. He holds an M.B.A. from Franklin University and a bachelor’s degree in finance from Ohio State University.

Eric Watson was promoted to vice president and associate general counsel. He joined Sallie Mae in 2002 and provides legal support to the corporate finance division. He holds a J.D. from the University of Pennsylvania and a Bachelor of Arts degree in economics from Rutgers College.

SLM Corporation, commonly known as Sallie Mae, is the nation’s leading provider of saving- and paying-for-college programs. The company manages nearly $172 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages more than $19 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with 9 million members and $425 million in member rewards. Sallie Mae and its subsidiaries offer debt management services as well as business and technical products to a range of business clients, including higher education institutions, student loan guarantors and state and federal agencies. More information is available at www.salliemae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.