Albert L. Lord has been named vice chairman and chief executive of SLM Holding Corp., Sallie Mae's new private holding company.

The new board of directors also tapped 12-year Sallie Mae veteran J. Paul Carey to be executive vice president, finance and marketing, the company announced Wednesday. Mr. Carey is a former vice president of institutional finance; Mr. Lord was executive vice president and chief operating officer.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.