Sallie Mae Exec Leaving

Marianne Keler, executive vice president for corporate strategy, consumer lending and administration, is retiring.
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Sallie Mae

(SLM) - Get Report

said Marianne Keler, executive vice president for corporate strategy, consumer lending and administration, is retiring effective Feb. 17.

The Reston, Va., student lender said Keler joined in 1985 as a corporate lawyer and became general counsel in 1997. She leads several business lines, including SLM Financial, the company's career training and mortgage originations subsidiary, Sallie Mae Home Loans and Business Office Suite. In addition, she has led several corporate staff areas, including government relations, corporate development and human resources.

"Marianne has been a key architect in transforming Sallie Mae from a government-sponsored entity to a private, retail-focused organization," said CEO Tim Fitzpatrick. "She has helped lead Sallie Mae's diversification into successful new business areas and has been a valuable member of our executive team. On behalf of our Board of Directors and the entire company, I thank Marianne for her service to Sallie Mae."

On Monday, Sallie Mae shares rose 11 cents to $55.43.