Navient Corporation announced a leadership restructuring effective January 7 2026, appointing Steve Hauber as Executive Vice President and Chief Financial Officer and Troy Standish as Executive Vice President and Chief Operating Officer. The changes follow the departure of EVP and CFO Joe Fisher, who will exit the company in the first quarter after supporting the transition.
The restructuring is designed to give Navient’s core lending business and its fintech subsidiary Earnest greater operational independence. CEO David Yowan said the new structure will position both entities to capture growth opportunities in the student‑loan market and to better align capabilities with evolving market dynamics.
Navient’s most recent quarterly results, released October 28 2025, showed revenue of $161 million—$22 million above the $138.25 million consensus estimate—while earnings per share fell to $‑0.84 versus the $0.18 estimate. The revenue beat was driven by stronger demand in core lending segments, but the EPS miss reflected higher charge‑offs and cost inflation that eroded profitability. Net interest income rose 4.2% year‑over‑year to $146 million, and operating expenses fell 67.8% to $110 million, underscoring disciplined cost management.
Segment analysis indicates that Navient’s education‑finance activities continue to face headwinds from regulatory changes and rising delinquency, whereas Earnest’s digital lending platform is expanding its graduate‑loan refinancing business. The creation of a dedicated CFO for Earnest signals a focused investment in scaling its fintech operations and capitalizing on consumer‑lending growth.
Yowan emphasized that the new leadership structure will allow Navient and Earnest to operate more independently and align more closely with market growth opportunities. He praised Hauber and Standish for their experience and thanked Joe Fisher for his contributions during the transition.
The restructuring is expected to improve operational efficiency and support Navient’s strategy to focus on core lending while expanding Earnest’s consumer‑lending portfolio. By separating the two businesses, Navient aims to navigate declining revenue and profitability trends and address regulatory constraints that arose after the company lost federal student‑loan servicing rights.
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