The former Virgin Money CEO is one of Britain's most prominent businesswomen
NORFOLK, Va.,
May 14, 2024 /PRNewswire/ -- PRA
Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and
collecting nonperforming loans, announced today that its Board of
Directors has nominated Dame Jayne-Anne
Gadhia as a new independent director of the company. Her
nomination will be considered at the 2024 PRA Group Annual Meeting
of stockholders on Thursday, June
13.
Gadhia has more than 30 years of experience with some of the
U.K.'s largest financial and tech institutions. She was CEO at
Virgin Money for more than 10 years and served as Salesforce's CEO
for the U.K. and Ireland. In 2021
she founded, and was executive chair of, her own fintech company,
Snoop, an award-winning, smart mobile app powered by open banking
that helps customers manage their finances. She currently chairs
the Ozone API, HMRC and Moneyfarm boards, is a senior independent
director at Tate, and a senior advisor at Vanquis Bank (Nasdaq:
FPLPF).
Gadhia also served as the U.K. Government's Women in Finance
Champion from 2016 to 2021 and continues to support and promote the
Women in Finance Charter as an advisor. She sits on the Mayor of
London's Business Advisory Board
and the Financial Inclusion Policy Forum.
In recognition of Gadhia's extraordinary achievements and
service, the U.K. government awarded her the titles of Commander of
the Most Excellent Order of the British Empire (CBE) in the 2014
New Year's Honours list; Dame in the 2019 Honours list; and
Commander of the Royal Victorian Order (CVO) in the 2022 Queen's
Birthday Platinum Honours list for services to the Prince's
Foundation.
"It is a privilege to nominate Jayne-Anne—a highly
respected industry leader and community champion whose
transformational work has been recognized at the highest levels—to
PRA Group's Board of Directors. We look forward to benefiting from
her extensive financial services leadership experience and track
record, as we continue to scale our initiatives and drive
profitable growth globally," said Chair of the Board Steve
Fredrickson.
About PRA Group
As a global leader in acquiring and
collecting nonperforming loans, PRA Group, Inc. returns capital to
banks and other creditors to help expand financial services for
consumers in the Americas, Europe
and Australia. With thousands of
employees worldwide, PRA Group, Inc. companies collaborate with
customers to help them resolve their debt. For more information,
please visit www.pragroup.com.
Forward-Looking Statements
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release, other than statements of historical fact, are
forward-looking statements within the meaning of the federal
securities laws. These forward-looking statements are based on our
current beliefs, projections, assumptions and expectations
concerning future operations and financial performance. Such
statements involve uncertainties and risks, some of which are not
currently known to us, and may be superseded by future events that
could cause actual results to differ materially from those
expressed or implied in this press release. You are cautioned not
to place undue reliance on forward-looking statements, which speak
only as of the date of this press release and are qualified in
their entirety by these cautionary statements. Information
regarding risks and other factors that could cause our actual
results to differ materially from our expectations can be found in
our most recent Annual Report on Form 10-K and in subsequent
Securities and Exchange Commission filings and should be considered
when evaluating the forward-looking statements in this press
release. Except as required by law, we assume no obligation to
update or revise these statements to reflect changes in the events,
conditions, or circumstances upon which any such forward-looking
statements are based.
Investor Contact:
Najim
Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com
News Media Contact:
Elizabeth
Kersey
Senior Vice President, Communications and Public Policy
(757) 641-0558
Elizabeth.Kersey@PRAGroup.com
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SOURCE PRA Group, Inc.