NAVI - Navient Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Navient Corporation

123 Justison Street
Wilmington, DE 19801
United States
302-283-8000
http://www.navient.com

SectorFinancial Services
IndustryCredit Services
Full Time Employees6,500

Key Executives

NameTitlePayExercisedYear Born
Mr. John F. RemondiPres, CEO & Director2.9M5.55M1963
Mr. Christian M. LownCFO & Exec. VP1.9MN/A1970
Mr. Stephen M. HauberSr. VP, Chief Risk & Compliance Officer833.96kN/A1975
Mr. Mark L. HeleenChief Legal Officer, Sec. & Exec. VP1.13MN/A1963
Mr. John M. KaneGroup Pres of Bus. Processing Solutions1.19MN/A1969
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions. It also holds, originates, and acquires consumer loans; and performs servicing activities on its own education loan portfolio, including primarily private education loans, and private education refinance loans. In addition, the company offers revenue cycle management and business processing services; and healthcare services that include revenue cycle outsourcing, accounts receivable management, extended business office support, and consulting engagement for federal, state, and municipal clients; public authorities; and healthcare organizations. Further, it provides customizable solutions for its clients that include non-profit/religious-affiliated hospital systems, teaching hospitals, urban medical centers, for-profit healthcare systems, critical access hospitals, children's hospitals, and various physician groups. The company was founded in 1973 and is headquartered in Wilmington, Delaware.

Corporate Governance

Navient Corporation’s ISS Governance QualityScore as of July 29, 2019 is 2. The pillar scores are Audit: 5; Board: 1; Shareholder Rights: 3; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.