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8-K - FORM 8-K - NAVIENT CORP | form8-k_05242018.htm |
NEWS RELEASE
For immediate release
Navient reelects board at annual shareholder meeting
Board recognizes 21-year service of director Diane Suitt
Gilleland
WILMINGTON, Del., May 24, 2018— Navient today held its 2018 Annual Meeting of
Shareholders in Wilmington, Del. Shareholders voted to
reelect the nine nominees to serve as directors for one-year
terms.
The
directors are
Chairman Bill Diefenderfer III, Anna Escobedo Cabral, Katherine
Lehman, Linda Mills, Jack Remondi, Jane Thompson, Laura Unger,
Barry Williams and David Yowan.
Director
Diane Suitt Gilleland retired at the annual meeting. Gilleland has
served on the board since 1997, appointed by U.S. President Bill
Clinton when the company was a government-sponsored enterprise.
Since then, she has been integral to the company’s
transformation, including privatization in 2004 and the
creation of Navient in 2014. Her distinguished career in higher
education also includes leadership positions at the Arkansas
Department of Higher Education, the American Council on Education,
the Institute for Higher Education Policy and the Illinois Board of
Higher Education. She is currently an adjunct professor at the
University of Arkansas in Little Rock.
“For
more than two decades Diane has provided invaluable leadership for
our company and the industry,” said Jack Remondi, president
and CEO, Navient. “Her experience in higher education and
dedication to helping Americans navigate an ever-changing federal
student loan program has greatly distinguished our
company.”
“Diane
is a pioneer on the frontier of higher education finance,”
added William Diefenderfer, chairman of the board. “She has
great experience and expertise, and an incredible heart for helping
people on a path to financial success.”
John
Adams Jr. also completed his term with the board. He has served on
the board since November 2014.
Today,
five of the nine directors are women, representing 55 percent of
the company’s board. The company has attracted nationwide
recognition for gender parity on its board from
2020 Women on Boards,
the Women's
Forum of New York, The
Forum of Executive Women and
the New
York Stock Exchange Governance Services.
Shareholders
voted in accordance with the recommendations of the company’s
board of directors on each of the four proposals at the
meeting. Represented by
proxy or present in person at the meeting were 92 percent of the
company's total shares outstanding.
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About Navient
Navient
(Nasdaq: NAVI) is a leading provider of asset management and
business processing solutions for education, health care 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, Delaware, Navient also employs team members in western
New York, northeastern Pennsylvania, Indiana, Tennessee, Texas,
Virginia, Wisconsin, California and other locations. Learn more at
navient.com.
Contact:
Media: Nikki Lavoie, 302-283-4057,
nikki.lavoie@navient.com
Investors: Joe Fisher, 302-283-4075,
joe.fisher@navient.com
Customers: 888-272-5543
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