Navient appoints chief financial officer and chief decision management officer
February 21 2017 - 4:15PM
Navient (Nasdaq:NAVI), a leading asset management and business
processing services firm, today announced that Christian Lown will
join the company as executive vice president and chief financial
officer, effective March 27, 2017. Somsak Chivavibul, current CFO,
will spearhead the launch of a new enterprise-wide decision
management center.
“Chris brings extraordinary experience and knowledge of the
financial services sector, with a track record of leading
significant financing transactions and helping many companies—
including fintech firms—set strategy, grow and build value,” said
Jack Remondi, president and CEO, Navient. “We welcome Chris to our
team at an exciting time of growth and opportunity.”
Lown comes to Navient with over 20 years of experience in
investment banking and equity research and sales in the United
States and Asia. Most recently, Lown was an investment banker at
Morgan Stanley for over 10 years, where he was a managing director
in the financial institutions group, serving as co-head of the
banks, diversified finance and financial technology practices in
North America. In that capacity, he advised clients on capital
markets transactions, mergers and acquisitions, and other corporate
finance matters. Before moving to Morgan Stanley, Lown was an
investment banker at UBS and Credit Suisse, and was an equity
analyst in Asia for Credit Lyonnais Securities Asia. Lown holds an
M.B.A. from the Darden Graduate School of Business Administration
at the University of Virginia and a B.A. from Lynchburg
College.
“I am extremely excited to be joining Navient, a company that is
integral to helping consumers achieve their potential,” said Lown.
“It is an exciting time to join this talented management team as
the company looks to leverage its leading position in higher
education servicing and recovery into other attractive growth
areas.”
Chivavibul will assume his new role as the company’s executive
vice president and chief decision management officer on March 27.
Reporting to the CEO, Chivavibul will focus on further leveraging
the company’s data assets, infrastructure and talent to provide
insights to enhance business strategy, performance, and value for
customers and shareholders. Chivavibul joined the company in 1992,
and recently played an important leadership role in the successful
spin-off of Navient, served as its CFO since 2014 and completed
several significant financial initiatives.
“Somsak has been instrumental to our success as we executed the
separation and launched Navient as a new company,” Remondi
said. “With his deep knowledge of the company's data assets,
analytical capabilities, and our businesses, he is uniquely
qualified to take our decision management to the next level,
leveraging data sciences and technology.”
About NavientNavient (Nasdaq:NAVI) is a Fortune
500 company that provides asset management and business processing
services to education, healthcare, and government clients at the
federal, state, and local levels. The company helps its clients and
millions of Americans achieve financial success through services
and support. Headquartered in Wilmington, Del., Navient employs
team members in western New York, northeastern Pennsylvania,
Indiana, Tennessee, Texas, Virginia, and other locations. Learn
more at navient.com.
Contact:
Media: Patricia Nash Christel, 302-283-4076, patricia.christel@navient.com
Investors: Joe Fisher, 302-283-4075, joe.fisher@navient.com
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