Navient recognized by 2020 Women on Boards as a leader in board gender diversity
March 13 2015 - 8:00AM
Navient, the nation's leading loan management, servicing and asset
recovery company, has received the "W" Company award from 2020
Women on Boards. The national award is presented to companies that
have demonstrated a commitment to board diversity with at least 20
percent women on their board of directors.
Seven of Navient's 13 directors are women, representing more
than half of the board. According to the 2020 Women on Boards
Gender Diversity Directory, Navient's board has the highest
percentage of women of any financial services company. In addition,
Navient has more women independent directors than any company of
its size, according to analysis of S&P 500 companies.
"The best part of our job is to recognize our Winning 'W'
Companies, and we're thrilled to welcome Navient to the list with
54 percent of its board women," said Malli Gero, co-founder and
president, 2020 Women on Boards.
The award comes after Navient successfully completed a spin-off
transaction and launched as an independent company last spring.
"New companies have a great opportunity to place the best people
onto their boards instead of best friends," said Susan S.
Stautberg, CEO, global co-chair, and co-founder,
WomenCorporateDirectors (WCD). "Often younger, from more diverse
backgrounds and having an outsiders' point of view, women directors
not only bring new insights and help prevent the board from being
an echo chamber, but are also role models for employees.
WomenCorporateDirectors congratulates Navient for choosing seven
women independent directors for their board."
Anna Escobedo Cabral, former U.S. Treasurer, joined the Navient
board in December 2014. Private equity firm partner Katherine A.
Lehman and former SEC commissioner Laura S. Unger were appointed in
November 2014. Other Navient women directors are Ann Torre Bates,
former executive vice president of NHP, Inc., a national real
estate services firm; Diane Gilleland, former deputy director of
the Illinois Board of Higher Education; Linda Mills, former
corporate vice president of operations for Northrop Grumman; and
Jane Thompson, chief executive officer of Jane J. Thompson
Financial Services LLC.
"We had an imperative to bolster certain skills on our board,
and made a strategic choice to simultaneously seek a greater
diversity of perspective," said William Diefenderfer, chairman of
the board.
2020 Women on Boards is a national campaign to increase the
percentage of women directors on U.S. company boards to 20 percent
or greater by 2020. Campaign supporters include individuals,
organizations and companies that embrace the principle that
diversity in the boardroom encourages good corporate
decision-making.
Connect with @Navient on Facebook, Twitter and LinkedIn.
About Navient
As the nation's leading loan management, servicing and asset
recovery company, Navient (Nasdaq:NAVI) helps customers navigate
the path to financial success. Servicing more than $300 billion in
student loans, the company supports the educational and economic
achievements of more than 12 million Americans. A growing number of
government and higher education clients rely on Navient for proven
solutions to meet their financial goals. Learn more at navient.com.
Navient began trading on Nasdaq as an independent company on May 1,
2014.
CONTACT: Media: Patricia Nash Christel,
302-283-4076, patricia.christel@navient.com
Investors: Joe Fisher,
302-283-4075, joe.fisher@navient.com
Customers: 888-272-5543
Navient (NASDAQ:NAVI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Navient (NASDAQ:NAVI)
Historical Stock Chart
From Apr 2023 to Apr 2024