Sallie Mae Rises On Appointment Of New Officials
Monday, January 07, 2008; Posted: 10:20 AM
(RTTNews) - Sallie Mae (
SLM |
news |
PowerRating |
PR Charts ) gapped open higher and rose during the first 45 minutes of trading on Monday. This comes as the company announced that its Board has appointed Anthony Terracciano as Chairman of the Board, Albert Lord as Vice Chairman of the Board while also continuing as Chief Executive Officer and John Remondi as Vice Chairman and Chief Financial Officer.
The stock is bouncing off last session's multi-year low as shares are up $5.89 at $22.56.
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