Student lender SLM Corp., commonly known as Sallie Mae, said that its board of directors has appointed a new member. The new member, J. Terry Strange, retired from KPMG LLP, where he served as vice chair and managing partner of the U.S. audit practice. He also served as the global managing partner of the audit practice of KPMG International and was a member of its international executive committee. (Source: Forebes.com, 08/06/08)