Business Strategy Alignment
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Navient announces changes to leadership structure aligned to business strategy
Globenewswire· 2026-01-08 21:30
Core Insights - Navient announced leadership changes to align with its business strategy, including the appointment of Steve Hauber as CFO and the establishment of a dedicated CFO role for its subsidiary, Earnest [1][2][3][5] Leadership Changes - Steve Hauber has been appointed as EVP and CFO, taking over finance and accounting operations, capital markets, and investor relations, while retaining responsibilities for legal, internal audit, and corporate compliance [2][5] - Troy Standish continues as COO, overseeing education finance activities and now also managing technology and human resource operations [3][5] - Joe Fisher, the former CFO, will leave the company but will assist in the leadership transition before departing in the first quarter [4][5] Strategic Realignment - The organizational changes aim to create more independent operations for Navient and Earnest, aligning capabilities with market growth opportunities [5] - The establishment of a dedicated CFO for Earnest signifies an investment in talent to enhance its growth potential [5] Company Background - Navient focuses on responsible lending, flexible refinancing, and education finance management, aiming to create long-term value for customers and investors [6]