Sallie Mae announced Pete Graham will join the company on September 18, 2023 as an Executive Vice President. He will be responsible for finance, accounting, and treasury activities, as well as equity and fixed income investor relations. He will also serve as the lead financial spokesperson for the company.

He succeeds Steve McGarry, who entered into a retention agreement with the company earlier this year. McGarry will serve as the Chief Financial Officer until October 27, 2023, and will then remain with the company as an Executive Vice President consistent with the terms of his retention agreement. Graham brings more than 30 years of extensive experience in financial services and public accounting, most recently serving as Chief Financial Officer for PRA Group.

He was at General Electric for more than a decade where he held various executive finance roles of increasing responsibility including Chief Financial Officer for GE Commercial Distribution Finance and GE Capital Markets. Prior to his time at GE, Graham led audit and advisory teams at KPMG LLP serving financial services clients in insurance, banking, and asset management. Graham earned a bachelor's degree in accounting from the University of Connecticut.