Navient Corporation announced that approved certain changes to the Company?s leadership team, in connection with its previously announced strategic actions to align with the needs of a more focused, flexible and streamlined company. Effective April 27, 2024, Steve Hauber, Executive Vice President and Chief Risk and Compliance Officer, expanded his responsibilities by assuming the title of Chief Administrative Officer. As the Company transitions, he will take on responsibility for leading several oversight and corporate functions, including the Company?s legal, risk and compliance, internal audit, human resources, communications and marketing, and technology functions.

As part of those changes, Mark L. Heleen, Executive Vice President, Chief Legal Officer and Secretary, along with several other non-NEO executives will depart the Company. The timing of Mr. Heleen?s departure, as well as those of the other departing executives, has not yet been determined.