Sallie Mae Appoints New Chief Technology Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Executive Appointment: Sallie Mae has appointed Steve Turner as Chief Technology Officer, overseeing technology architecture, IT innovation, and data management, aiming to enhance service experiences for students and families while strengthening the company's technology foundation.
- Extensive Experience: Turner brings over 25 years of technology leadership experience, having served as Managing Director at Bank of America, where he led data and analytics technology, which is expected to provide advanced technological insights to Sallie Mae.
- Strategic Goals: Turner expressed his intention to accelerate innovation and data utilization to deliver faster, simpler, and more reliable services, further enhancing customer relationships and driving sustainable business growth.
- Educational Background: Turner holds a Bachelor of Science in Computer Science from Chapman University and an MBA from Northwestern University's Kellogg School of Management, and his extensive industry experience is expected to inject new vitality into Sallie Mae's technological development.
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Analyst Views on SLM
Wall Street analysts forecast SLM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLM is 31.09 USD with a low forecast of 23.00 USD and a high forecast of 37.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
7 Buy
2 Hold
2 Sell
Moderate Buy
Current: 27.150
Low
23.00
Averages
31.09
High
37.00
Current: 27.150
Low
23.00
Averages
31.09
High
37.00
About SLM
SLM Corporation is a holding company, which operates through various subsidiaries and is a financial brand for higher education. The Company’s primary business is to originate and service loans it makes to students and their families to finance the cost of their education. It also offers a range of deposit products insured by the Federal Deposit Insurance Corporation. Its primary private education loan product is the Smart Option Student Loan, which emphasizes in-school payment features that can produce shorter terms and reduce customers’ total finance charges. The Smart Option Student Loan generally runs for six months after the borrower separates from school but can run for up to 36 months for a small subset of graduate loans. It also offers six loan products for specific graduate programs of study. These include the Sallie Mae Law School Loan, the Sallie Mae MBA Loan, the Sallie Mae Graduate School Loan for Health Professions, the Sallie Mae Medical School Loan, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sallie Mae Appoints New Chief Technology Officer
- Executive Appointment: Sallie Mae has appointed Steve Turner as Chief Technology Officer, overseeing technology architecture, IT innovation, and data management, aiming to enhance service experiences for students and families while strengthening the company's technology foundation.
- Extensive Experience: Turner brings over 25 years of technology leadership experience, having served as Managing Director at Bank of America, where he led data and analytics technology, which is expected to provide advanced technological insights to Sallie Mae.
- Strategic Goals: Turner expressed his intention to accelerate innovation and data utilization to deliver faster, simpler, and more reliable services, further enhancing customer relationships and driving sustainable business growth.
- Educational Background: Turner holds a Bachelor of Science in Computer Science from Chapman University and an MBA from Northwestern University's Kellogg School of Management, and his extensive industry experience is expected to inject new vitality into Sallie Mae's technological development.
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Sallie Mae Appoints New Chief Technology Officer for Digital Transformation
- Leadership Change: Sallie Mae has appointed Steve Turner as Chief Technology and Enablement Officer, overseeing technology architecture, IT innovation, and data strategy, aiming to enhance service experiences for students and families while driving digital transformation.
- Extensive Experience: Turner brings over 25 years of technology leadership experience, having served as Managing Director at Bank of America, where he led data, analytics, and marketing technology, which is expected to provide deep industry insights to Sallie Mae.
- Strategic Goals: Turner aims to accelerate innovation and leverage data to deliver faster, simpler, and more reliable services, thereby strengthening customer relationships and enhancing the company's competitiveness in the private student lending market.
- Educational Background: Turner holds a Bachelor of Science in Computer Science from Chapman University and an MBA from Northwestern University's Kellogg School of Management, and he is also a U.S. Navy veteran, showcasing his diverse background and leadership capabilities.
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