Navient holds 2025 annual shareholder meeting, appoints Edward Bramson as board chair

Rhea-AI Summary

Navient (NAVI) held its 2025 Annual Meeting of Shareholders where shareholders approved three proposals, including the election of seven board members. Notable changes include Linda Mills stepping down from the board, where she had served since 2014 and as chair since 2019. Edward Bramson, a partner at turnaround investment firm Sherborne Investors who joined Navient's board in 2022 and became vice chair in 2024, was elected as the new board chair. The current board consists of Edward Bramson, Frederick Arnold, Anna Escobedo Cabral, Larry Klane, Michael Lawson, Jane Thompson, and David Yowan. Bramson brings experience as chairman or CEO of several public companies across commercial and financial sectors.

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HERNDON, Va., June 05, 2025 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today held its 2025 Annual Meeting of Shareholders. Shareholders voted in accordance with the recommendations of the company’s board of directors to approve three proposals, including the election of seven nominees to the board.

Linda Mills did not stand for reelection at the 2025 annual meeting. Ms. Mills joined the Navient board of directors in 2014 and served as chair since 2019.

“Linda’s leadership and service on the board since Navient’s inception are greatly appreciated,” said Dave Yowan, president and CEO of Navient. “Her valuable perspectives have been integral to Navient’s continued success.”

Also today, Edward Bramson was elected chair of the board of directors. The current directors are Edward Bramson, Frederick Arnold, Anna Escobedo Cabral, Larry Klane, Michael Lawson, Jane Thompson, and David Yowan.

Mr. Bramson is a partner in Sherborne Investors, a turnaround investment firm. He joined Navient’s board in 2022 and became vice chair in 2024. Mr. Bramson has also served as chairman or chief executive officer of several other publicly traded companies in a range of commercial and financial sectors.

Final voting results are available on a Form 8-K filed with the SEC at SEC.gov and on Navient.com/investors.

About Navient
Navient (Nasdaq: NAVI) provides technology-enabled education finance solutions that help millions of people achieve success. Learn more at navient.com.

Contact:
Media: Cate Fitzgerald, 317-806-8775, catherine.fitzgerald@navient.com
Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com

FAQ

Who is the new board chair of Navient (NAVI)?

Edward Bramson, a partner at Sherborne Investors, was elected as the new board chair of Navient. He joined the board in 2022 and previously served as vice chair since 2024.

Why did Linda Mills leave Navient's board?

Linda Mills did not stand for reelection at the 2025 annual meeting. She had served on Navient's board since 2014 and as chair since 2019.

How many directors are currently on Navient's board?

Navient's board currently consists of seven directors: Edward Bramson, Frederick Arnold, Anna Escobedo Cabral, Larry Klane, Michael Lawson, Jane Thompson, and David Yowan.

What is Edward Bramson's background?

Edward Bramson is a partner in Sherborne Investors, a turnaround investment firm. He has served as chairman or CEO of several publicly traded companies in commercial and financial sectors.