Sallie Mae (Nasdaq: SLM), formally known as SLM Corporation, has announced the appointment of Pete Graham as its upcoming Chief Financial Officer. Graham is set to join the company on September 18 as an Executive Vice President and will formally assume the position of Chief Financial Officer on October 27. His responsibilities will encompass finance, accounting, treasury activities, equity, and fixed-income investor relations, as well as serving as the primary financial spokesperson for the company.
Graham’s appointment follows the tenure of Steve McGarry, who earlier this year entered into a retention agreement with the company. Until October 27, McGarry will continue to fulfill the role of Chief Financial Officer, after which he will transition to the position of Executive Vice President in accordance with the terms of his retention agreement.
With over 30 years of comprehensive experience in financial services and public accounting, Graham most recently held the position of Chief Financial Officer for PRA Group. His career includes more than a decade at General Electric.
Jon Witter, CEO of Sallie Mae, acknowledged Graham’s extensive background and strategic leadership, emphasizing his commitment to operational efficiency and capital allocation discipline. Witter anticipates Graham’s integral role in driving growth and long-term value creation for the company.
Witter also took the opportunity to express gratitude to Steve McGarry for his years of service and contributions to Sallie Mae. Acknowledging McGarry as a trusted partner, leader, and friend, Witter extended well wishes for his retirement on behalf of the Board of Directors and the entire leadership team.
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