Navient Corporation Announces Leadership Transition

Navient Corporation has announced a leadership transition. Edward J. Bramson will assume the role of President and Chief Executive Officer effective June 5, 2026. David L. Yowan will transition out of his CEO role on the same date but will remain on the Board of Directors. Bramson, who has extensive experience as a CEO and currently serves as Chair of the Board, will continue in that capacity. Larry Klane will serve as lead independent director. Bramson will not receive compensation for his CEO role in 2026. Yowan will receive his pro-rata MIP bonus for fiscal year 2026. Additionally, Board member Jane Thompson will retire at the 2026 Annual Meeting of Stockholders, reducing the Board size to six members. The company has also disclosed information regarding compensation for Beatrice Associates, Inc., and a Nomination and Cooperation Agreement with Mr. Bramson and associated entities.