2 May 2024
Capita
plc
Directorship
changes
Capita plc
('Capita' or 'the Company') announces that Tim Weller, Chief Financial Officer ('CFO'), has
informed the Board of his intention to retire from the Company in
August 2024. The Board also announces
that, following a thorough search process, Pablo Andres, who has been the CFO of Ventient
Energy S.à r.l. for the last three years, has been selected to
succeed Tim as CFO. Pablo will join Capita on 15 July 2024.
Tim joined
Capita in May 2021 and played a key
role in working with the then Chief Executive, Jon Lewis, in the latter stages of his
leadership of the Group. Since January this year, Tim has supported
Adolfo Hernandez as Chief Executive
and will continue to do so through the Group's Capital Markets
Event on 13 June 2024 and interim
results in August.
David Lowden, Chairman of the Board said: "On behalf of the
Board and the entire company, I would like extend my heartfelt
gratitude to Tim for his dedicated service and leadership over the
past three years. Tim has played an important role during this
period of significant change in the organisation.
“I am
delighted that Pablo will be joining Capita as the new CFO. Pablo
has extensive experience operating as a senior finance executive
across a range of sectors with companies directly comparable with
Capita. He is highly experienced in driving change in complex
businesses and has delivered significant cost savings, streamlined
organisation structures and enhanced processes and systems. He has
the right skillset and drive to support Adolfo in leading the next
chapter of Capita.”
Tim Weller said: "It has been a privilege to be Capita’s CFO
over the last three years. In August
2023, I had surgery following the diagnosis of a relatively
severe form of prostate cancer and, whilst I am expected to make a
full recovery, this has helped me decide that now is an appropriate
moment to draw to a close my career as a CFO, which has spanned
over 22 years with seven different companies. In my remaining time
with Capita, I will continue to be fully committed to supporting
Adolfo and in facilitating a smooth transition to Pablo as
CFO."
Pablo Andres said: "I am excited to be joining Capita as
CFO, working with Adolfo, the Board and the leadership team to
execute the next evolution of Capita’s strategy. Capita plays a
critical role in society and there is great opportunity for growth
and scale through simplification, efficiencies and technology
enablement. With a growing market opportunity, Capita is well
placed to solve clients’ evolving needs and continue to be a
leading player in the markets they serve.”
There is
no other information to be
disclosed under Listing Rule 9.6.13 in
respect to Mr Andres.
The
remuneration arrangements relating to Tim Weller’s retirement will
be disclosed in accordance with section 430(2B) of the Companies Act 2006 on Capita's website
in due course.
This
announcement contains inside information.
For
more information, please contact:
Investor
enquiries
Helen Parris, Director of Investor Relations
Tel: 07720
169 269
Email:
IRteam@capita.co.uk
Stephanie Little
Deputy
Head of Investor Relations
Tel: 07541
622838
Email:
IRteam@capita.co.uk
Media
enquiries
Capita
external communications
Tel: 0207
654 2399
Email:
media@capita.co.uk
Notes to editors
Pablo Andres
Pablo Andres has widespread experience as a senior finance
leader in a variety of organisations in adjacent industries. Since
November 2020, Pablo has been Group
CFO of Ventient Energy S.à r.l., a pan-European renewable energy
company, which
closed a EUR2.6bn refinancing in
December 2023 and is undergoing a
merger with Renantis. Prior
to Ventient, Pablo was Group Financial Controller of G4S plc from
2013-2020 and CFO of London Stansted Airport from 2011 to 2013. He
has also held senior finance roles at BAA, Ferrovial, and Deloitte.
Pablo is currently a Non-Executive Director and Chair of the Audit
and Risk Committee of the GreenSquareAccord Group.
Capita
Capita is
a leading provider of business process services, driven by data,
technology and people. Every day our 43,000 colleagues help
millions of people, by delivering innovative, digitally enabled
solutions to transform and simplify the connections between
government and citizens, businesses and customers. We partner with
our clients and provide the insight and technologies that give time
back, allowing them to focus on what they do best and making
people’s lives easier and simpler. We operate across two divisions
– Capita Public Service and Capita Experience – in the UK,
Europe, India and South
Africa.
Further
information can be found at:
http://www.capita.com