Boardroom Alpha
Start trial
8-K primary document
NAVI · Current Report (Form 8-K) · Filed April 8, 2026

Navient Corp — 8-K exhibit

ef20069880_ex99-1.htm
Navient Corp on Boardroom Alpha
Exhibit 99.1


NEWS RELEASE
 
Navient Announces Leadership Transition with Board Chair Edward Bramson To Become Chief Executive Officer

HERNDON, Va., April 8, 2026 — Navient (Nasdaq: NAVI) announced today that Edward Bramson, chair of Navient’s Board of Directors, will be appointed CEO of Navient, effective June 5, 2026.

As Navient continues with the next phase of its transformation, David Yowan will transition out of his role as president and CEO in June. He will remain a member of Navient’s Board of Directors, on which he has served since April 2017, and will continue to guide Navient’s growth and direction.

“With the successful completion of Phase 1, this is a natural time for me to return to the Board,” said Yowan. “The actions we took to outsource servicing, divest the business processing division, and right size our corporate functions establish a strong foundation and more focused and flexible business.”

Bramson has served on Navient’s Board of Directors since May 2022 and was elected board chair in June 2025. As CEO, Bramson will continue his focus on the company’s strategic transformation, working with the management team to enhance shareholder value. He will continue to serve as board chair. Larry Klane, a member of Navient’s Board of Directors since 2019, will serve as lead independent director.

“I am grateful for David’s leadership over the past three years,” said Bramson. “We set ambitious goals and achieved meaningful transformation under David’s leadership. I look forward to working together on the Board as we work to complete Phase 2 of Navient’s transformation.”

Edward Bramson is a partner in Sherborne Investors, a turnaround investment firm, with five decades of experience helping companies reform their capital, cost, and corporate strategies in order to return greater shareholder value. Bramson has also served as chair or chief executive officer of several other publicly traded companies in a range of commercial and financial sectors.

* * *

About Navient
Navient (Nasdaq: NAVI) creates long-term value for customers and investors with responsible lending, flexible refinancing, trusted servicing oversight, and decades of education finance and portfolio management expertise. Through our Earnest business, we help customers confidently achieve financial success through digital financial services. Our employees thrive in a culture of belonging, where they are supported and proud to deliver meaningful outcomes. Learn more on Navient.com.

Contacts
Media: Cate Fitzgerald, 703-831-6347, catherine.fitzgerald@navient.com
Investors: Jen Earyes, 571-592-8582, jen.earyes@navient.com

# # #


Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer