Executive Leadership

Michael S. Dunlap

Executive Chairman of the Board

Michael S. Dunlap, Executive Chairman of the Board, established the company that would become Nelnet with Stephen Butterfield in 1996. Mr. Dunlap previously served as Chairman and CEO of the company (co-CEO with former Vice Chairman Butterfield 2003-2007) from its inception.

Mr. Dunlap attained his undergraduate degree from the University of Nebraska – Lincoln in 1986, and his Juris Doctor from the University of Nebraska – Lincoln in 1988. He is a member of the Nebraska State Bar Association.

Mr. Dunlap serves in different leadership capacities for many organizations, including Union Bank & Trust, Raikes School Board, and Capital Casualty Company, among others.

In addition to his role as Executive Chairman of the Board, Mr. Dunlap also serves as Executive Committee Chair.

Jeffrey R. Noordhoek

Chief Executive Officer

Jeffrey R. Noordhoek serves as Nelnet’s Chief Executive Officer. In this capacity he leads the executive team in the development and execution of corporate strategy and is responsible for the company’s financial performance and growth. He also directly leads the Nelnet Diversified Solutions (NDS) loan servicing division and is focused on the acquisition and development of talent across the enterprise.

Mr. Noordhoek’s leadership foundation is based on the strength of Nelnet’s five Core Values with a high concentration on the top three: customers are #1, create an environment in which associates can do what they do best, build a diversified education services company. These Core Values plus his focus on a culture of open communication with all constituents of the company drive Mr. Noordhoek’s vision for Nelnet.

Previously, Mr. Noordhoek served as President of Nelnet, Senior Vice President of National Education Loan Network, Inc., a subsidiary of Nelnet, and as Vice President of Nelnet’s predecessor, Union Financial Services, Inc. Before joining Nelnet, he served for seven years in various capacities for State Street Capital Corporation.

Mr. Noordhoek earned a bachelor’s in business administration from the University of Nebraska in 1988 and a master’s of business administration from Boston University in 1996. He is an active member of the Young President’s Organization.

Tim Tewes

Timothy A. Tewes

President

Timothy A. Tewes serves as President of Nelnet, where he leads both Nelnet Business Solutions (NBS) and Nelnet Enrollment Solutions (NES). He also provides oversight and insight on all sales functions, and works within the organization to encourage growth and collaboration.

Previously, Mr. Tewes served as Chief Executive Officer of Nelnet Business Solutions (NBS) and President of NBS’s K–12 division, FACTS Management. Mr. Tewes joined FACTS Management in 2000, and served as Executive Vice President. In 2007, he became CEO for NBS.

Prior to joining FACTS Management Company, Mr. Tewes served as President of Wells Fargo’s Lincoln, Nebraska banks, and served as Regional President responsible for Wells Fargo’s greater Nebraska banks.

Mr. Tewes earned a master’s of business administration as well as a bachelor’s in agriculture business from the University of Nebraska—Lincoln. Mr. Tewes has been active in many capacities for the United Way of Lincoln and Lancaster County.

Terry J. Heimes

Chief Operating Officer

Terry J. Heimes is Nelnet’s Chief Operating Officer. As COO, Heimes manages the company’s shared services: accounting, legal, risk, people services, facilities, communication services, and the IT department. Heimes also leads Nelnet’s Asset Generation and Management segment.

Previously, Heimes occupied the roles of Chief Financial Officer and Executive Director of Corporate Finance and Legal Services. Heimes served as Director for Nelnet from March 2001 until August 2003. In October 1998, Heimes became the Vice President of Finance for National Education Loan Network, Inc., a subsidiary of Nelnet. Heimes has also worked for the public accounting firm of KPMG LLP in Lincoln, Nebraska, as a manager in the audit department.

Heimes graduated magna cum laude from the University of Nebraska—Kearney in 1986 with a bachelor’s in business administration with an emphasis in accounting. He currently serves as a member of the board of directors for the Lincoln Chamber of Commerce.

“What makes Nelnet great?”

It starts with the people. We have great people who are truly focused on creating and adding value while serving our customers. When you add a long-term focus and resources to that we can really do great things.

Jim Kruger

Chief Financial Officer

Jim Kruger is Nelnet’s Chief Financial Officer, a role in which he is responsible for student loan asset generation and management, corporate accounting and tax, financial reporting, mergers and acquisitions, and the Innovation Hub.

Previously, Mr. Kruger served as the company’s Controller from 1998-2013, where he was responsible for, among other things, the company’s accounting activities, financial statement preparation, and SEC compliance reporting.

Before coming to Nelnet, Mr. Kruger worked as Senior Manager at KPMG Peat Marwick from 1986-1994, before moving to NEBHELP, which was acquired by Nelnet in 1998.

Mr. Kruger received his Bachelor of Science in Business Administration from the University of Nebraska—Lincoln in 1986. He is a CPA in the State of Nebraska, and is a Norris School Board of Education member and treasurer of the Norris Athletic Booster Club.

William J. Munn

Secretary and General Counsel

Bill Munn is the company’s General Counsel and Secretary. Bill joined Nelnet when the company merged with UNIPAC Service Corporation in 2000. Prior to his appointment as General Counsel, he served the company as Legal Counsel, Senior Counsel, and Deputy General Counsel.

Bill received his undergraduate degree in broadcast journalism in 1990 and his Juris Doctor in 1994, both from the University of Nebraska—Lincoln.

He works closely with the Board of Directors and its committees, and in addition to managing all legal issues for the company, also oversees risk management, security, compliance, and information governance activities.

Matthew Dunlap is Chief Business Development Officer for Nelnet and has been a member of Nelnet’s Board of Directors since March 2022.

Mr. Dunlap graduated with a bachelor’s degree in economics from Northwestern University in 2012 and earned his Juris Doctor, a professional degree in law, from University of Nebraska–Lincoln in 2015.

In addition to Mr. Dunlap’s internal audit, capital markets, and legal counsel contributions for the organization and his dedicated work with Nelnet Business Services, he also serves on the Board of Directors of ALLO Communications, BankFirst, First Northeast Bank of Nebraska, and Lighthouse, a Lincoln, Neb.-based nonprofit. Prior to joining Nelnet, Mr. Dunlap spent two years as an associate at GVC Capital, a Colorado-based investment banking firm providing comprehensive investment banking services to underexposed small public and private companies.

Mr. Dunlap is a member of the Risk and Finance committee and the Compliance committee.

Board of Directors

Michael S. Dunlap

Executive Chairman of the Board

Born 1964

Michael S. Dunlap, Executive Chairman of the Board, established the company that would become Nelnet with Stephen Butterfield in 1996. Mr. Dunlap previously served as Chairman and CEO of the company (co-CEO with former Vice Chairman Butterfield 2003-2007) from its inception.

Mr. Dunlap attained his undergraduate degree from the University of Nebraska – Lincoln in 1986, and his Juris Doctor from the University of Nebraska – Lincoln in 1988. He is a member of the Nebraska State Bar Association.

Mr. Dunlap serves in different leadership capacities for many organizations, including Union Bank & Trust, Union College, Vision 2015, and Capital Casualty Company, among others.

In addition to his role as Executive Chairman of the Board, Mr. Dunlap also serves as Executive Committee Chair.

Preeta Bansal

Director

Born 1965

Preeta D. Bansal has served as a member of Nelnet’s Board of Directors since November 2018.

Ms. Bansal has extensive experience in law, banking, financial services, regulation, government, and U.S. diplomacy. Her experience has included serving as general counsel and senior policy advisor for the president of the United States in the federal Office of Management and Budget, which oversees and coordinates all the budgetary, regulatory, and management activities and initiatives of the departments and agencies of the federal government on behalf of the president; as global general counsel for litigation and regulatory affairs for HSBC Holdings in London; as partner and practice chair of the international law firm Skadden, Arps, Slate, Meagher & Flom LLP in New York City; as Solicitor General of the State of New York, where she helped lead 600 attorneys in the New York Attorney General’s Office; and as Chair of the U.S. Commission on International Religious Freedom, a federal government human rights commission focused on promoting U.S. foreign policy interests in religious freedom and human rights around the globe.

Ms. Bansal is a magna cum laude and Phi Beta Kappa graduate of Harvard-Radcliffe College, and a magna cum laude graduate of Harvard Law School, where she was supervising editor of the Harvard Law Review. She served as a law clerk to U.S. Supreme Court Justice John Paul Stevens. She received the National Organization of Women’s “Woman of Power and Influence Award” in 2006 and was named one of the “50 Most Influential Minority Lawyers in America” by the National Law Journal in 2008.

Ms. Bansal has been a lecturer, senior advisor, and visiting scholar at the Massachusetts Institute of Technology. She is a Henry Crown Fellow at the Aspen Institute and a member of the Council on Foreign Relations.

A native of Lincoln, Neb., she is on the Advisory Board of the Johnny Carson Center for the Emerging Media Arts as well as the Raikes School at University of Nebraska, on the board of the Lincoln Community Foundation and the Community Health Endowment Chair of Civic Nebraska, and on the Advisory Committee of the Pluralism Project at Harvard University. She has lectured on ethics and policy with respect to emerging technologies at MIT and at Singularity University in Silicon Valley. From 2015 to 2016, she served by appointment of the president of the United States as a member and the committee chair of the President’s Advisory Committee on Faith-Based and Neighborhood Partnerships, focusing on poverty and inequality in America.

Ms. Bansal serves as Chair of the Compliance Committee, and is a member the People Development and Compensation Committee and the Audit Committee.

William R. Cintani

Director

Born 1953

William R. Cintani has been a member of Nelnet’s Board of Directors since May 2012 and is currently Chairman and Chief Executive Officer of Mapes Industries.

Mr. Cintani graduated with a Bachelor’s of Mechanical Engineering in 1974 from Lehigh University. He served for 10 years as a member of the Board of Directors for the company’s asset-backed securities special purpose corporations.

Mr. Cintani’s position on numerous civic, philanthropic, and service boards have provided him with a wide array of experience in both corporate governance and operations. His practical knowledge and board experience provides the company with a resource for all aspects of finance, operations, IT, and strategic planning. Mr. Cintani currently serves as Vice Chairman on the Lincoln Chamber of Commerce Board of Directors and also serves on the Board of Directors for the Lincoln Community Foundation and Bryan Health.

Mr. Cintani is a member of the Audit, Compliance, and Risk and Finance committees.

Matthew Dunlap

Matthew Dunlap

Director

Born 1989

Matthew Dunlap is Chief Business Development Officer for Nelnet and has been a member of Nelnet’s Board of Directors since March 2022.

Mr. Dunlap graduated with a bachelor’s degree in economics from Northwestern University in 2012 and earned his Juris Doctor, a professional degree in law, from University of Nebraska–Lincoln in 2015.

In addition to Mr. Dunlap’s internal audit, capital markets, and legal counsel contributions for the organization and his dedicated work with Nelnet Business Services, he also serves on the Board of Directors of ALLO Communications, BankFirst, First Northeast Bank of Nebraska, and Lighthouse, a Lincoln, Neb.-based nonprofit. Prior to joining Nelnet, Mr. Dunlap spent two years as an associate at GVC Capital, a Colorado-based investment banking firm providing comprehensive investment banking services to underexposed small public and private companies.

Mr. Dunlap is a member of the Risk and Finance committee and the Compliance committee.

Kathleen A. Farrell Ph.D.

Director

Born 1964

Kathleen A. Farrell has served as a member of Nelnet’s Board of Directors since October 2007. Possessing admirable expertise in corporate finance, executive turnover, and executive compensation, Dr. Farrell is a professor of Finance and Dean of the College of Business Administration at University of Nebraska–Lincoln. Dr. Farrell also serves on the Board of Directors of Assurity, Inc., and Bryan Health.

Dr. Farrell received her doctorate in finance from the University of Georgia and a bachelor’s degree in finance and accounting from Kent State University. Dr. Farrell joined the finance faculty at the University of Nebraska–Lincoln in the fall of 1993. Dr. Farrell’s publications have appeared in several academic journals, and she has received numerous teaching awards. Dr. Farrell draws on her experience from KPMG Peat Marwick as a supervising senior, where she was involved with audit engagements.

Dr. Farrell serves on the Risk and Finance and Executive committees in addition to her leadership role as Chair of the Nominating and Corporate Governance Committee.

David Graff

Director

Born 1983

David S. Graff has been a member of Nelnet’s Board of Directors since May 2014. He is Chief Executive Officer of Agile Sports Technologies Inc., otherwise known as Hudl.

Mr. Graff graduated from University of Nebraska–Lincoln with a bachelor’s degree and a Master of Business Administration from Jeffrey S. Raikes School in Computer Science and Management. In his current role, Mr. Graff is CEO of Hudl, a Lincoln, Neb.-based company that provides online video analysis and coaching tools software for professional, college, high school, club, and youth teams and athletes.

An Omaha, Neb. native, Mr. Graff also serves on the Raikes School Advisory Board. In 2010, Mr. Graff and the other Hudl co-founders were featured on Inc. Magazine’s “30 Under 30” list, and in 2016, Mr. Graff was named one of Fast Company’s “Most Creative People.”

Mr. Graff serves as a member of the Nominating and Corporate Governance, Audit, and Risk and Finance committees.

Thomas E. Henning

Director

Born 1953

Thomas E. Henning has served as a member of Nelnet’s Board of Directors since August 2003. He served as President and Chief Executive Officer of Assurity Group Inc. and its wholly owned subsidiary, Assurity Life Insurance Company, for nearly 27 years. He is currently the non-executive chair of Assurity Group Inc. and subsidiaries.

Mr. Henning is a 1975 graduate of University of Nebraska–Lincoln as well as Stonier Graduate School of Banking at Rutgers University. He also has completed the Wharton School’s Effective Management Program as well as a comprehensive program of study by the National Association of Corporate Directors (NACD) and has been named an NACD fellow. Mr. Henning also holds the CLU and CFA designations.

Previously, Mr. Henning served concurrently as President and Chief Operating Officer of National Bank of Commerce of Lincoln, Neb., and Executive Vice President of First Commerce Bancshares between 1985 and 1990. Mr. Henning serves on the Board of Directors of the Nebraska Innovation Campus, First Interstate Bancorp, the advisory board of Lincoln Industries, and on the Lincoln Chamber of Commerce Economic Development Corporation.

Mr. Henning serves as Chair of the Audit committee, as well as a member of the Executive and Risk and Finance committees.

Adam Peterson

Adam Peterson

Director

Born 1981

Adam Peterson has been a member of Nelnet’s Board of Directors since March 2022. He is currently Co-chairman, CEO, and President of Boston Omaha.

Mr. Peterson graduated with a bachelor’s degree in finance from Creighton University.

Boston Omaha is a public holding company with businesses engaged in several sectors including advertising, insurance, telecommunications, and real estate. The company’s principal objective is to grow intrinsic value per share at an attractive rate while seeking to maintain a strong financial position.

Mr. Peterson has served as the manager of The Magnolia Group, and the general partner of Magnolia Capital Fund. Since June 2017, Mr. Peterson has also served as a Director for Nicholas Financial, a publicly traded company on the NASDAQ Global Select Market.

Mr. Peterson is a member of the People Development and Compensation committee, the Nominating and Corporate Governance committee, and the Compliance committee.

Kimberly Rath

Director

Born 1961

Kimberly K. Rath has served as a member of Nelnet’s Board of Directors since October 2007. Ms. Rath is Co-Founder and Co-Chairperson of Talent Plus, Inc.®, a global human resources consulting firm with offices in Lincoln, Neb., and Singapore.

She is a recognized leader in the field of executive development and coaching and human resources focused on talent-based solutions. Ms. Rath has a Master of Business Administration from Pepperdine University and a bachelor’s degree from University of Nebraska–Lincoln.

In addition to her board work with Nelnet, Ms. Rath currently serves on the Board of Directors for ProviderTrust Inc., on the Inc. 5,000 List as of one of the fastest-growing companies in the U.S. and the fastest-growing software company in Tennessee. Passionate about giving back to the community, Ms. Rath sits on two not-for-profit boards, Tabitha, Inc., and Artists for Trauma. She is a trustee for University of Nebraska and Lincoln Community Foundations. Ms. Rath has served on The Beryl Institute Resource Advisory Council and the Cornell Center for Hospitality Research Advisory Board in addition to speaking at a wide variety of conferences globally. She is a member of Young Presidents’ Organization (YPO) as well as Chief Executives Organization (CEO). She has been the recipient of the Business Excellence Award from University of Nebraska–Lincoln and the national Delta Gamma Shield Award. Ms. Rath, who is a best-selling author, and her company, Talent Plus, have been highlighted in nearly a dozen books including Prescription for Excellence, The New Gold Standard, Close Like the Pros and Managing to Make a Difference: How to Engage, Retain, and Develop Talent for Maximum Performance, and a recently released book, Business Success Secrets.

Ms. Rath serves as the chair of the People Development and Compensation committee as well as a member of the Nominating and Corporate Governance committee.

Jona Van Duen

Jona Van Deun

Director

Born 1970

Jona Van Deun has been a member of Nelnet’s Board of Directors since March 2022. She is currently President of the Nebraska Tech Collaborative.

Mrs. Van Deun graduated with a bachelor’s degree in government and communications from College of St. Benedict in 1992. With an extensive background in politics and public affairs, Mrs. Van Deun formerly served as the vice president of small business coalitions and engagement for the U.S. Chamber of Commerce and the director of coalitions for Koch Companies Public Sector.

Over the course of her career, Mrs. Van Deun has provided strategic expertise to several trade associations and Fortune 500 companies including 3M Company, DCI Group, the Pillsbury Company, and the Property Casualty Insurers Association (PCI).

Mrs. Van Deun is a member of the People Development and Compensation committee, the Nominating and Corporate Governance committee, and the Compliance committee.