PRA Group Announces Leadership Succession Plan

Core Points - PRA Group, Inc. has appointed Martin Sjolund as President and CEO effective June 17, 2025, succeeding Vikram Atal, who will retire and serve as a senior advisor until December 31, 2025 [1][2] - The Board of Directors emphasized that this leadership transition is part of an ongoing succession planning process aimed at ensuring long-term, profitable growth for the company [2] - Sjolund has a strong track record in the European market, having overseen nearly $3 billion in portfolio investments and significantly improved profitability during his tenure as President of PRA Group Europe [3] Company Overview - PRA Group, Inc. is a global leader in acquiring and collecting nonperforming loans, helping to return capital to banks and creditors, thereby expanding financial services for consumers in the Americas, Europe, and Australia [6] - The company has thousands of employees worldwide and collaborates with customers to assist them in resolving their debt [6] Leadership Background - Martin Sjolund has been with PRA Group since 2014, previously serving as Chief Operating Officer of Europe and Director of Group Strategy and Corporate Development [4][5] - Before joining PRA Group, Sjolund held leadership roles in global technology companies and worked as a management consultant with McKinsey & Company [5]