NEWARK, Del.--(BUSINESS WIRE)--SLM Corporation, commonly known as Sallie Mae, has promoted Paul F. Thome to executive vice president.
Mr. Thome serves as the company’s chief administration officer and president of Sallie Mae Bank, a position he has held since 2011. He is responsible for the bank’s retail deposit business, the Office of the Customer Advocate, procurement, and facilities and support services. In addition, he chairs the bank’s Operational Risk Committee.
“Paul’s unwavering commitment to our customers, combined with his broad background in financial services, make him a major asset to Sallie Mae and our executive leadership team,” said Raymond J. Quinlan, chairman and CEO. “As the first in his immediate family to earn a college degree, he well knows what families go through to make college happen. That perspective enhances our work to fulfill our brand’s mission.”
Mr. Thome has more than 40 years of experience in the financial services industry. A Certified Public Accountant, he began his career with Coopers and Lybrand. He has held senior executive roles at MBNA America, First Tennessee, and Maryland National Corporation. Prior to joining Sallie Mae in 2009, Mr. Thome was a founding partner of Credit One Financial Solutions and served as its chief financial officer.
Mr. Thome currently serves as a director on the boards of the Utah Association of Financial Services, the National Association of Industrial Bankers, and Junior Achievement of Utah.
He holds a bachelor’s degree in business administration and accounting from Augustana College.
Sallie Mae (NASDAQ: SLM) is the nation’s saving, planning, and paying for college company. Whether college is a long way off or just around the corner, Sallie Mae offers products that promote responsible personal finance, including private education loans, Upromise rewards, scholarship search, college financial planning tools, and online retail banking. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.