SLM Corp names Kerri Palmer as COO and President of Sallie Mae Bank; Kennedy departs

SLM Corp

Kerri Palmer appointed EVP & COO of SLM Corp and President & COO of Sallie Mae Bank, effective Jan 9, 2023.
Palmer previously served as Chief Risk Officer; now oversees credit, underwriting, collections, tech, deposits.
Dan Kennedy ceased as COO and Bank President; remains EVP until his expected departure from SLM.
Palmer joined SLM in 2021 from Capital One, bringing over 20 years of risk management and operational experience.
CEO Jon Witter cited Palmer's leadership as critical during uncertain economic conditions.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Kerri A. Palmer

Executive Vice President and Chief Operational Officer

SLM · SLM Corp

Effective: 2023-01-09
Filed: January 10, 2023, 6:59 PM ET

On January 9, 2023, the Board of Directors of SLM Corporation approved the appointment of Kerri A. Palmer, age 52, as SLM Corporation’s Executive Vice President and Chief Operational Officer, effective as of January 9, 2023.

Departed

Kerri A. Palmer

Chief Risk Officer

SLM · SLM Corp

Effective: 2023-01-09
Filed: January 10, 2023, 6:59 PM ET

she has ceased serving as Chief Risk Officer of SLM Corporation and Sallie Mae Bank.

Role change

Daniel P. Kennedy

Executive Vice President

SLM · SLM Corp

Effective: 2023-01-09
Successor: Kerri A. Palmer
Filed: January 10, 2023, 6:59 PM ET

Mr. Kennedy's new title is Executive Vice President, SLM Corporation.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kerri A. Palmer was appointed as Executive Vice President and Chief Operational Officer at SLM Corp.

Action: appointed
Role: Executive Vice President and Chief Operational Officer

Exact text from the filing

On January 9, 2023, the Board of Directors of SLM Corporation approved the appointment of Kerri A. Palmer, age 52, as SLM Corporation’s Executive Vice President and Chief Operational Officer, effective as of January 9, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kerri A. Palmer departed as Chief Risk Officer at SLM Corp.

Action: ceased
Role: Chief Risk Officer

Exact text from the filing

she has ceased serving as Chief Risk Officer of SLM Corporation and Sallie Mae Bank.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel P. Kennedy changed role as Executive Vice President at SLM Corp.

Action: role change
Role: Executive Vice President

Exact text from the filing

Mr. Kennedy's new title is Executive Vice President, SLM Corporation.

View on SEC.gov

SLM Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-005694

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