NEWARK, Del.--(BUSINESS WIRE)--SLM Corporation (Nasdaq: SLM) — more commonly known as Sallie Mae, the nation’s saving, planning, and paying for college company — announced today it has been named a Winning “W” Company for the third consecutive year by 2020 Women on Boards for the diversity of its board of directors. Four of Sallie Mae’s 13-member board are women.
Sallie Mae has earned this recognition every year since 2014, when the company became a consumer banking business focused on providing private student loans and other products to help students and families make college happen. The “W” designation is the highest awarded by 2020 Women on Boards, a national campaign working to increase the percentage of women who serve on company boards to 20 percent or more by the year 2020. Of the 1,745 boards the organization evaluated in 2016, only 704 — 40 percent — achieved Winning Company status.
“To provide best-in-class service that helps students and families make college happen, we need best-in-class talent at all levels of the company, including our board, and that’s something that transcends demographic distinctions,” said Raymond J. Quinlan, chairman and CEO, Sallie Mae. “We seek diversity not only in identity, but also in thought, opinion, personality, and experience, and we have those traits in abundance at Sallie Mae.”
The company’s board diversity has also been acknowledged by The Forum of Executive Women, which awarded Sallie Mae a 2016 Champion of Diversity award for being a public company in the Philadelphia region with 25 percent or more women on its board. According to “Women on Boards 2016,” a report produced annually by The Forum and PwC, Sallie Mae is one of only 19 companies in the region to qualify for the Champion of Diversity award.
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.