NEWARK, DE — Sallie Mae (Nasdaq: SLM) appointed Chief Financial Officer Peter Graham and Chief Operational Officer Kerri Palmer as co-presidents of the company, expanding their leadership responsibilities following the retirement of the company’s chief commercial officer.
The company said both executives will report to Chief Executive Officer Jon Witter and oversee commercial operations within their respective divisions.
Peter Graham has served as executive vice president and chief financial officer since 2023, overseeing finance, accounting, treasury operations, and investor relations.
Under the new structure, Graham will continue serving as chief financial officer while also overseeing strategic partnerships and emerging business lines, according to Sallie Mae.
Kerri Palmer has served as executive vice president, chief operational officer, and president of Sallie Mae Bank since 2023.
The company said Palmer will continue leading its private education loan business in addition to overseeing credit and operational functions.
“Pete and Kerri are exceptional leaders with deep experience who are helping drive our strong performance and disciplined growth strategy,” Jon Witter said in a statement.
Sallie Mae said the appointments are part of the company’s broader leadership development and succession planning efforts.
Support the local news that supports Chester County. MyChesCo delivers reliable, fact-based reporting and essential community resources—free for everyone. If you value that, click here to become a patron today.