The Board of Directors of SLM Corporation (NYSE:SLM), commonly known as
Sallie Mae, announced today that it has appointed Michael E. Martin and
Frank C. Puleo to the Board. The Board also indicated that it intends to
make additional appointments in the near future.
Michael Martin is president of Brooklyn NY Holdings LLC (BNYH). Prior to
joining BNYH, he served as vice chairman and managing director of UBS
Investment Bank. At UBS, he was the global head of the Financial
Institutions Investment Banking Group, and a member of both the
Investment Bank Board and the Global Executive Committee. Earlier in his
career, he served at Credit Suisse First Boston and First Boston
Corporation, and he practiced law at Wachtell, Lipton, Rosen & Katz,
where he specialized in mergers and acquisitions. Mr. Martin currently
serves as chairman and chief executive officer of BPW Acquisition Corp.
and on the Board of Directors of Aston Villa Football Club.
Frank Puleo was formerly a partner at Millbank, Tweed, Hadley & McCloy
LLP, where he advised clients on structured finance transactions as well
as bank and bank holding company regulatory and securities law matters.
He co-chaired the firm’s Global Finance Group
and served on its Executive Committee. In addition, he served as a
lecturer at Columbia University School of Law. Mr. Puleo currently is a
Director of Apollo Investment Corporation and Commercial Industrial
Finance Corp.
“We are pleased to report that we are
bringing additional Wall Street, legal and finance expertise to the
Board by appointing Michael Martin and Frank Puleo as new members,”
said Tony Terracciano, Chairman of the Board. “Their
experience will bring value to our Franchise, and they are each
committed to our mission of helping students access higher education.”
SLM Corporation (NYSE:SLM), commonly known as Sallie Mae, is the
nation's leading provider of saving- and paying-for-college programs.
The company manages nearly $164 billion in education loans and serves 10
million student and parent customers. Through its Upromise affiliates,
the company also manages $19 billion in 529 college-savings plans, and
is the largest private source of college funding contributions in
America with 8.5 million members and $400 million in member rewards.
Sallie Mae and its subsidiaries offer debt management services as well
as business and technical products to a range of business clients,
including higher education institutions, student loan guarantors and
state and federal agencies. More information is available at www.salliemae.com.
SLM Corporation and its subsidiaries are not sponsored by or agencies of
the United States of America.
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