SLM · SLM Corporation

SLM Corporation (Sallie Mae) announced the appointment of Peter M. Graham and Kerri A. Palmer as Co-Presidents, effective April 22, 2026. Graham, previously Executive Vice President and CFO, will also serve as Co-President and CFO, overseeing strategic partnerships and emerging lines of business. Palmer, previously Executive Vice President and Chief Operational Officer, becomes Co-President and Head of Financial Services, leading the core private education loan business, credit, and operations. Both report to CEO Jon Witter. The appointments follow the retirement of the Chief Commercial Officer and aim to strengthen execution of the company's strategy. No changes to compensation or material plans were disclosed. The press release was furnished as Exhibit 99.1.