Navient announces leadership changes, appointing Steve Hauber as CFO and enhancing operational independence for Navient and Earnest.
Quiver AI Summary
Navient announced leadership changes to better align with its business strategy, appointing Steve Hauber as the new chief financial officer (CFO) while maintaining his responsibilities for various corporate functions. Troy Standish continues as chief operating officer (COO) while also taking on technology and human resources. A new CFO role for Earnest, Navient's fintech subsidiary, is being established, and the company is currently searching for a candidate to fill it. Joe Fisher, the outgoing CFO, will assist during the transition before leaving in the first quarter. These changes aim to enhance the independence and operational capabilities of Navient and Earnest, as reflected by CEO David Yowan's comments on the importance of strong leadership and the company's focus on growth opportunities. Hauber has been with Navient since 2003 and brings extensive experience to his new role.
Potential Positives
- Leadership restructuring aims to align operations with market growth opportunities, indicating a strategic focus on enhancing the company's competitive position.
- The appointment of Steve Hauber as CFO leverages his extensive experience within the company, which may strengthen financial oversight and management.
- Establishing a dedicated CFO role for Earnest reflects an investment in expanding the fintech subsidiary’s capabilities and growth potential.
- Continued leadership by Troy Standish in education finance signifies stability and continuity in a critical area of the business.
Potential Negatives
- The departure of EVP and CFO Joe Fisher may raise concerns regarding leadership stability and continuity within the company's financial operations.
- The establishment of a new CFO role dedicated to Earnest indicates an internal restructuring that may suggest challenges with leadership alignment or operational efficiency across different business units.
- The need for a search to fill the CFO position for Earnest demonstrates potential gaps in executive talent that could impact strategic execution and market competitiveness.
FAQ
What leadership changes were announced by Navient?
Navient appointed Steve Hauber as CFO and Troy Standish will lead technology and HR operations.
Who is the new Chief Financial Officer at Navient?
Steve Hauber has been appointed as the new Chief Financial Officer of Navient.
What role will Joe Fisher play during the transition?
Joe Fisher will assist with leadership transition activities before leaving the company in the first quarter.
What is the focus of Navient's subsidiary, Earnest?
Earnest focuses on providing digital financial services to help customers achieve financial success.
How long has Steve Hauber been with Navient?
Steve Hauber has been with Navient since 2003, holding various leadership roles.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
HERNDON, Va., Jan. 08, 2026 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today the following changes in its leadership structure to better align with its business strategy.
Steve Hauber, EVP and chief administrative officer (CAO), has been appointed EVP and chief financial officer (CFO), effective immediately. He is now responsible for Navient’s finance and accounting operations, capital markets and investor relations, in addition to his responsibilities for other corporate functions that include legal, internal audit and corporate compliance.
Troy Standish, EVP and chief operating officer (COO), continues to lead Navient’s education finance activities, including management of the FFELP and private portfolios and in-school loan originations. In addition, he assumes responsibility for Navient’s technology and human resource operations, effective immediately.
Separately, a new CFO role has been established that is dedicated to and reporting into Earnest, a fintech lender and subsidiary of Navient. A search to fill this position is underway.
As part of these changes, EVP and CFO Joe Fisher will leave the company and will support the leadership transition activities before departing the company during the first quarter.
“These organizational changes reposition Navient and Earnest into more independent operations that better align capabilities with market growth opportunities,” said David Yowan, president and CEO of Navient. “Steve and Troy are strong leaders with broad and deep experience in managing our corporate and education finance activities. The establishment of a dedicated CFO for Earnest represents further investment in talent to strengthen capabilities to capture its growth opportunities. I want to thank Joe for his leadership and substantial contributions to the company and wish him all the best.”
Hauber has been with the company since 2003 and previously held senior leadership positions in risk management, compliance, and internal audit. Hauber holds a bachelor’s degree in business administration and a Master of Accounting degree from the University of North Carolina at Chapel Hill.
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
.
Contact:
Media: Cate Fitzgerald, 703-831-6347,
[email protected]
Investors: Jen Earyes, 571-592-8582,
[email protected]
