Albert L. Lord Vice Chairman and Chief Executive Officer

Albert (Al) L. Lord is vice chairman and chief executive officer of Sallie Mae. He held this position from 1997 to 2005, and then served as Chairman of the Board of Directors. He was re-appointed chief executive officer in December 2007 and vice chairman of the Board in January 2008.

Mr. Lord originally joined Sallie Mae in 1981 as controller and subsequently served as executive vice president and chief operating officer. He left the company in 1994 to found LCL, Ltd., a financial-management consulting firm, where he was president and principal shareholder. In 1995, he became an independent director of Sallie Mae and subsequently led a successful proxy contest to restore shareholder value and become the company’s chief executive officer in 1997.

Mr. Lord began his career in 1967 with Peat, Marwick, Mitchell in Philadelphia, and later was treasurer at First Pennsylvania Corporation.

Mr. Lord received a Bachelor of Science degree in business from Penn State.

Mr. Lord is a member of the Board of Directors of BearingPoint, Inc., Children’s Charities Foundation and Children’s Choice Learning Centers, Inc., Chairman of the Board of Cesar Chavez Public Charter School for Public Policy, and member of the Advisory Board of Penn State Abington.