Earlier roles on record: Board Member at Navient Corp (NAVI) until May 25, 2023 and CEO at Navient Corp (NAVI) until May 15, 2023. Navient Corp reported in an 8-K filed June 9, 2023 that Jack Remondi was terminated as director, effective May 25, 2023. Navient Corp reported in an 8-K filed June 9, 2023 that Jack Remondi was terminated as Chief Executive Officer and President, effective May 15, 2023. The proxy statement of Navient Corp reports total compensation of $12,063,101 for Jack Remondi in fiscal 2023, including a base salary of $388,461. Disclosed compensation is on record for 7 fiscal years. Jack Remondi has spoken on 12 earnings calls across 1 company, most recently for Navient Corp on April 26, 2023. The companies whose calls Jack Remondi spoke on are classified in the Financial Services sector.
“I understand that my service as a director of Navient ceased on May 25, 2023.”
“On June 8, 2023, Navient Corporation (“Navient” or the “Company”) entered into an Agreement and Release (the “Separation Agreement”) with its former Chief Executive Officer and President, Jack Remondi, pursuant to the Company’s Executive Severance Plan for Senior Officers (the “Severance Plan”). In connection with the termination of his employment with the Company, effective May 15, 2023, Mr. Remondi will be provided with severance payments and benefits in accordance with the Severance Plan, except that the proration of his target annual bonus for 2023 will be calculated through the end of May 2023.”
“Good morning, everyone, and thank you for joining us today for a review and discussion of a very good first quarter's results. And thank you for your interest in Navient.”
“We completed 2022 with another quarter of strong financial performance. We delivered adjusted core earnings of $0.85 for the quarter and $3.43 for the year and a core return on equity of 17%.”
“Good morning, everyone, and thank you for joining us today and for your interest in Navient. Our long-term goals are to create value by growing our loan origination and business processing solution franchises.”
“Thank you, Jen, and good morning, everyone, and thank you for joining us today and for your interest in Navient. I am pleased to report another quarter of strong financial results.”
“And thank you for joining us today and for your interest in Navient. Our year is off to a strong start, and we are excited to share with you the results of another very successful quarter.”
