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 employees6,700

Key executives

NameTitlePayExercisedYear born
Mr. John F. RemondiPres, CEO & Director2.71MN/A1963
Mr. Christian M. LownExec. VP & CFON/AN/A1970
Mr. Timothy J. Hynes IVExec. VP & Chief Information Officer999.85kN/A1970
Mr. Mark L. HeleenChief Legal Officer, Exec. VP & Sec.N/AN/A1963
Mr. John M. KaneGroup Pres of Bus. Processing Solutions1.24M57.87k1969
Amounts are as of 31 December 2016, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services. It holds the portfolio of education loans insured or guaranteed under the FFELP, as well as the portfolio of private education loans; and originates private education refinance loans. The company also services education loans owned by the United States Department of Education, financial institutions, and nonprofit education lenders. In addition, it offers asset recovery services for loans and receivables on behalf of guarantors of FFELP loans and higher education institutions. Further, the company provides asset recovery and other business processing services for federal, state, court, and municipal clients; public authorities; and health care organizations. Navient Corporation was founded in 1973 and is headquartered in Wilmington, Delaware.

Corporate governance

Navient Corporation’s ISS governance QualityScore as of 1 October 2018 is 1. The pillar scores are Audit: 5; Board: 1; Shareholder rights: 2; Compensation: 1.

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 10 indicates higher governance risk.