Kerri A. Palmer is the current CEO and Chief Operational Officer of SLM Corporation, a position she took on in January 2023. Born in 1971, Kerri has over a decade of experience in risk management, having previously served as Chief...

Kerri A. Palmer is the current CEO and Chief Operational Officer of SLM Corporation, a position she took on in January 2023. Born in 1971, Kerri has over a decade of experience in risk management, having previously served as Chief Risk Officer at SLM Corporation and Sallie Mae Bank. Her background includes significant roles at Capital One, where she focused on risk management in different divisions. In 2023, her total compensation was $601,416, which consisted of a base salary of $566,500 but notably included no bonuses or vested stock options. Interestingly, Kerri’s contract was recently amended to increase her target annual incentive bonus from 135% to 150% of her salary, tying her earnings more closely to the company's performance. Under her leadership, SLM is focusing on aligning executive pay with company success, rewarding performance while managing risks, which is essential in today's financial landscape. Kerri has also been awarded significant RSUs worth $1,416,250 as part of her transition into the operational role, emphasizing her importance to the company's future growth.