Navient (NAVI) has shared an update.
Navient Corporation is reshaping its leadership team to support its strategic shift towards a more nimble and efficient organization. Steve Hauber has been promoted to Chief Administrative Officer, taking charge of key corporate functions, while several executives, including Mark L. Heleen, are set to leave the company at yet-to-be-determined dates. Hauber’s new role comes with a salary boost to $450,000 and an increased annual bonus target, alongside potential stock-based incentives pending shareholder approval, to further align leadership compensation with the company’s performance and shareholder interests.
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