SLC Statement on Steve Lamey

Following investigations into allegations about aspects of his management and leadership, the SLC has decided to terminate Steve Lamey’s contract as Chief Executive Officer of the Student Loans Company (SLC). The SLC and its shareholders expect the highest standards of management and leadership and these were not upheld by Mr Lamey during his time in this role.

The current Chief Executive of the Education and Skills Funding Agency (ESFA) and Institute for Apprenticeships (IfA) Peter Lauener has been appointed as Interim CEO with effect from 27 November and will remain in post at the SLC until a permanent appointment is made.

DfE and the SLC Board would like to put on record our thanks to David Wallace for his excellent work as Acting CEO during Steve Lamey’s suspension. He will continue in this role until Peter Lauener starts work on 27 November. After that Mr Wallace will revert as planned to his former position as SLC’s Deputy CEO and Chief Customer Officer.