Sallie Mae Promotes ARM Staff

SLM Corporation (NYSE: SLM), commonly known as Sallie Mae and the nation’s leading saving- and paying-for-college company, announced last week several promotions and appointments in its divisions related to accounts receivables management. The officers include:

Jeff Chen was promoted to vice president, asset management, Asset Performance Group. Chen joined Sallie Mae as part of the 2004 Arrow Financial Services acquisition and is responsible for due diligence, valuation, and performance management of outsource agencies and law firms for the Asset Performance Group’s purchased portfolios in the U.S. and Canada. He holds a Bachelor of Science degree in accounting from Binghamton University and is a certified public accountant.

Steve Kirkpatrick was promoted to vice president, financial planning and analysis. Kirkpatrick joined Sallie Mae in 2000 as part of the USA Group acquisition and is responsible for providing the financial reporting and analysis for multiple divisions, including the Asset Performance Group, IT, and guarantor servicing. Kirkpatrick holds a Bachelor of Science degree in industrial management and a Master of Business Administration degree, both from Purdue University.

Alex Reed was promoted to vice president, Sallie Mae, and president and chief operating officer, General Revenue Corporation. Reed joined Sallie Mae as part of the Pioneer Credit Recovery acquisition in 2002 and currently manages all General Revenue Corporation operations. Reed holds a Bachelor of Science degree in finance from the University of Tennessee.

Linda Scruggs was promoted to vice president and controller, loan originations. Scruggs joined Sallie Mae in 1992 and currently oversees the internal audit and financial reporting for student loan originations. She holds a Bachelor of Science degree in accounting from Judson College.

Michael Valentino was promoted to vice president, Sallie Mae, and president, Arrow Funding. Valentino joined Sallie Mae as part of the Arrow Financial Services acquisition in 2004 and is responsible for Arrow Funding, strategic finance and new business activities for the Asset Performance Group. Valentino holds a Bachelor of Science degree in accounting from the State University of New York at Albany.

Harold Wickline was promoted to vice president, Sallie Mae, and president and chief operating officer, Pioneer Credit Recovery. Wickline joined Sallie Mae and Pioneer Credit Recovery in 2003 and currently has full profit and loss responsibilities for Pioneer. He holds a Bachelor of Science degree in business administration from the University of North Carolina.

SLM Corp. manages $153 billion in education loans and serves nearly 10 million student and parent customers. Through its Upromise affiliates, the company also manages $18 billion in 529 college-savings plans, and 8 million members have joined Upromise to help save for college with rewards on purchases at nearly 70,000 places.