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PRA Group Inc (PRAA.OQ)

PRAA.OQ on NASDAQ Stock Exchange Global Select Market

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25 Sep 2018
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Summary

Name Age Since Current Position

Steven Fredrickson

58 2017 Executive Chairman of the Board

Kevin Stevenson

54 2017 President, Chief Executive Officer, Chief Administrative Officer, Director

Peter Graham

52 2016 Chief Financial Officer, Executive Vice President

Christopher Graves

49 2018 Executive Vice President-Americas

Christopher Lagow

44 2016 Senior Vice President, General Counsel

Laura White

47 2014 Chief Compliance Officer

Steve Roberts

56 2015 Chief Strategy and Business Development Officer

Martin Sjolund

45 2015 Chief Operating Officer, Europe

Marjorie Connelly

56 2018 Director

Geir Olsen

45 2016 Director

Vikram Atal

62 2015 Independent Director

John Fain

69 2010 Independent Director

Penelope Kyle

70 2005 Independent Director

James Nussle

57 2013 Independent Director

Scott Tabakin

59 2004 Independent Director

Lance Weaver

63 2015 Independent Director

Darby Schoenfeld

2014 Director of Investor Relations

Biographies

Name Description

Steven Fredrickson

Mr. Steven D. Fredrickson is Executive Chairman of the Board of the Company. He has served as the Company’s Executive Chairman since June 2017 and was Chairman and CEO from 2002 until June 2017. He also served as the Company’s President from 1996 to August 2015. Prior to co-founding the Company in 1996 with Mr. Stevenson, Mr. Fredrickson held various leadership roles with Household Recovery Services’ (“HRSC”) Portfolio Services and Household Commercial Financial Services groups and specialized in corporate and real estate workouts at Continental Bank of Chicago. Mr. Fredrickson is a member of the board of directors for the St. Mary’s Home Foundation, a trustee of the Eastern Virginia Medical School Foundation and a past member of the board of the United Way of South Hampton Roads and the executive advisory council of the Strome College of Business at Old Dominion University.

Kevin Stevenson

Mr. Kevin P. Stevenson is President, Chief Executive Officer, Chief Administrative Officer, he has served as the Company’s President and CEO since June 1, 2017. From August 2015 to June 1, 2017, he served as the Company’s President and Chief Administrative Officer and from 2002 to August 2015, Mr. Stevenson served as the Company’s Executive Vice President, Chief Financial and Administrative Officer, Treasurer and Assistant Secretary. Prior to co-founding the Company with Mr. Fredrickson in 1996, Mr. Stevenson held various positions with HRSC, including Controller, and Household Bank, where he served as the controller of a regional processing center and also managed the collections, technology, research and ATM departments. While at Household Bank, he participated in numerous bank and branch acquisitions as well as divestitures. Mr. Stevenson is a certified public accountant and currently serves on the boards of the EQUI-KIDS Therapeutic Riding Program of Virginia Beach, the Sandler Center for the Performing Arts Foundation and the Greater Norfolk Corporation. He is a past board member of the American Red Cross of Southeastern Virginia. Mr. Stevenson is a Certified Public Accountant and received his bachelor's degree in Accounting from The Ohio State University.

Peter Graham

Mr. Peter M. Graham is Chief Financial Officer, Executive Vice President of PRA Group, Inc. Mr. Graham serves as executive vice president and chief financial officer for PRA Group. Graham is a seasoned finance executive with more than 20 years focused on the financial services industry across a broad range of sectors including lending, leasing, insurance and asset management. Graham joined PRA in 2016. He is a 14-year veteran of General Electric Company (GE), most recently as a finance executive on the GE Capital exit plan team, focused on GE's disposition of the majority of GE Capital. His previous positions within GE Capital include chief financial officer for GE Commercial Distribution Finance and GE Capital Markets. Graham also served as global controller for Treasury and Global Funding Operations and controller and manager of Financial Planning and Analysis for GE Asset Management. Prior to joining GE, Graham was with KPMG LLP for 10 years where he led audit and advisory teams serving clients in the financial services industry in insurance, banking, and asset management. His tenure with KPMG included three years living and working in Switzerland while leading teams across Europe. Graham earned his bachelor’s degree in accounting from the University of Connecticut and is also a Certified Public Accountant.

Christopher Graves

Mr. Christopher B. Graves is Executive Vice President-Americas Core of PRA Group, Inc. Mr. Graves has served as Executive Vice President, Americas since March 2018. He joined the Company in 2006 as Vice President of Portfolio Acquisitions and served in that position until 2009 when he became Senior Vice President of Core Acquisitions. In August 2015, Mr. Graves became Executive Vice President, Americas Core, a position he held until March 2018. Graves has an MBA from The College of William and Mary in Williamsburg, Virginia. He earned a bachelor's degree in Business Administration from Wake Forest University, and graduated from the Consumer Banking Association’s Graduate School of Retail Bank Management at the University of Virginia. Graves serves on the board of directors and the executive committee for VOLUNTEER Hampton Roads in Norfolk, Virginia.

Christopher Lagow

Mr. Christopher D. Lagow is Senior Vice President, General Counsel of PRA Group, Inc. Mr. Lagow is responsible for the company’s global legal, regulatory and government relations functions. He was named general counsel in January 2016 after serving as PRA Group’s deputy general counsel since 2011. Lagow has been practicing law for 15 years and joined PRA in 2006 after working in private practice for law firms in New York and Virginia. He earned a Bachelor of Arts degree from James Madison University and a J.D. from Roger Williams University School of Law. Lagow has served on the board of directors of the Hampton Roads Chamber of Commerce and the Executive Council of the Virginia Bar Association’s Corporate Counsel Section.

Laura White

Ms. Laura White is Chief Compliance Officer of PRA Group, Inc. Ms. White has served as the Company’s Chief Compliance Officer since April 2014. Prior to joining the Company, Ms. White served as the Chief Risk and Compliance Officer, Americas Zone for Allianz Global Assistance from 2010 to 2014. White earned a Bachelor of Science degree in accounting from Virginia Commonwealth University .

Steve Roberts

Mr. Steve C. Roberts is Chief Strategy and Business Development Officer of PRA Group, Inc. Mr. Roberts joined the Company as President, Business and Government Services in November 2012 and served in that position until November 2015 when he became Chief Strategy and Business Development Officer. He has an MBA from The University of Chicago and a Bachelor of Arts degree from Middlebury College. .

Martin Sjolund

Mr. Martin Sjolund is Chief Operating Officer, Europe of the Company. Mr. Sjölund served as Director-Group Strategy and Corporate Development (Europe) of Aktiv Kapital from 2011 until 2014 when Aktiv Kapital was acquired by the Company. He held the same position with the Company until November 2015 when he was appointed Chief Operating Officer – Europe. Prior to joining the Company, Mr. Sjölund held positions of increasing responsibility in sales and strategy from 2009 to 2011 with EMEA Tandberg, which was acquired by Cisco Systems in April 2010.

Marjorie Connelly

Ms. Marjorie M. Connelly is Director of Pra Group Inc. She was elected as a Director of the Company on January 1, 2018, and served previously on the Company’s Board from 2013 to 2014. She has almost 30 years of experience in financial services. From November 2014 to December 2017, Ms. Connelly was the Chief Operating Officer of Convergys Corporation, a publicly traded, global leader in customer management. From 2012 to 2013, she was the Interim President of Longwood University. From 2009 to 2011, Ms. Connelly was the Global Chief Operating Officer at Barclaycard where she was responsible for the operations and technology support of the consumer and commercial credit card, merchant acquiring and point of sale finance businesses. From 2006 to 2008, Ms. Connelly was the Chief Operating Officer of Wachovia Securities, and prior to that, she spent 12 years at Capital One Financial Services in roles of increasing responsibility, including Executive Vice President, Head of Infrastructure for U.S. credit card operations and interim Chief Information Officer. Connelly earned a Bachelor of Arts in Political Science from the University of Delaware and has completed the Advanced Management Program at Harvard Business School

Geir Olsen

Mr. Geir L. Olsen is Director of PRA Group, Inc. Mr. Olsen was the CEO and a board member of Aktiv Kapital, AS, a leading European consumer debt purchaser, from September 2011 until its acquisition by the Company in 2014. From August 2014 until January 2016, Mr. Olsen served as the CEO of PRA Group Europe. Under Mr. Olsen’s leadership, the two companies were integrated, and PRA Group’s European market position was significantly strengthened. Prior to Aktiv Kapital, Mr. Olsen held various leadership roles in sales, marketing and strategy with Cisco Systems and Tandberg, a Norwegian company that Cisco acquired in 2010. He also advised financial services and technology companies as a consultant at McKinsey & Company for five years prior to joining Tandberg. Currently, Mr. Olsen is a partner at Ubon Partners, an investment company focused on early stage companies in technology and financial services that he cofounded in 2013, and is a member of the board of directors of Avida Finans, a consumer and small and medium enterprises (SME) credit provider in the Nordic region and Molo Finance, a digital mortgage lender based in the U.K. He previously served on the board of Acano Ltd, a technology company based in the U.K., prior to its acquisition by Cisco. ., Olsen holds a master’s degree from the Norwegian School of Economics and Business Administration.

Vikram Atal

Mr. Vikram A. Atal is Independent Director of PRA Group, Inc. Mr. Atal was appointed as a Director in 2015. Atal served in executive roles with Citigroup, Inc. for 27 years. From 2008 to 2013 he was an executive vice president for Citigroup's global consumer bank, where he had responsibility for shaping Citi as an information-centric enterprise, leveraging analytics and data to drive growth, and oversaw loss mitigation efforts against Citi's high-risk consumer portfolio through the financial crisis. From 2005 to 2008 he served as chairman and chief executive officer for Citi Cards' branded and retail partner cards franchise in North America, which had revenues of $18 billion and more than 60 million customers. His previous roles with Citigroup included leadership of partnership programs for Citi Cards, chief financial officer of Citi's U.S. cards franchise, and overseeing SEC, regulatory and business financial reporting for Citicorp. Atal holds a Bachelor of Arts degree in mathematics from St. Stephen's College in Delhi, India, and a Bachelor of Science degree in finance from the London School of Economics and Political Science.

John Fain

Mr. John H. Fain is Independent Director of PRA Group, Inc. Mr. Fain was appointed as a Director in 2010. Fain has more than 25 years of business management experience, including service as the President and Chief Executive Officer of Metro Information Services, an information technology consulting services firm which went public in 1997, and merged with Keane, Inc. in 2001. He served as a member of the Board of Directors of Keane, Inc. until September 2006. Prior to co-founding Metro Information Services, Fain developed and ran his own independent data processing consulting practice, servicing clients in multiple states. He is currently retired, and serves on the Investment Committee of the Hampton Roads Community Foundation. Fain holds a bachelor's degree in Computer Science from the University of South Carolina.

Penelope Kyle

Ms. Penelope W. Kyle is Independent Director of PRA Group, Inc. Ms. Kyle was appointed as a Director in 2005. She currently serves as President of Radford University. Prior to her appointment as President of Radford University in 2005, Kyle was the Executive Director of the Virginia Lottery, where she served for 10 years under three Virginia Governors. Earlier in her career, she worked as an attorney in a prominent Richmond, Virginia law firm. Kyle was later employed at CSX Corporation, where, during a 13-year career she became the company's first female officer and a vice president in the finance department. She also has prior service as a director and chairman of the audit committee of a publicly traded company. Kyle received her MBA degree from the College of William and Mary, and her law degree from the University of Virginia.

James Nussle

Mr. James A. Nussle is Independent Director of PRA Group, Inc. he was appointed as a Director in 2013. Mr. Nussle has served as President and CEO of the Credit Union National Association since September 2014. Mr. Nussle has also served on the board of trustees of Thrivent Financial Mutual Funds since 2011 and is an industry advisor to a private equity firm, Avista Capital Partners. Mr. Nussle previously served as the President of Growth Energy, a renewable energy industry association based in Washington, D.C., from 2010 to 2013. Prior to his private sector career, Mr. Nussle served extensively in government at both the local and federal levels. He served eight terms as a U.S. Representative from Iowa between 1991 and 2007, was elected by his colleagues to serve three terms as the House Budget Committee Chairman, and was selected by President George W. Bush in 2007 to serve in his Cabinet as the Director of the Office of Management and Budget. Mr. Nussle also served on a number of President Bush’s policy councils including the National Economic, Homeland Security and National Security Councils. Mr. Nussle’s career also includes four years as an elected prosecuting attorney in Iowa and the practice of law in Iowa. currently serves as President and CEO of The Credit Union National Association, since September 2014. he completion of a Juris Doctorate degree from Drake Law School in Des Moines, Iowa, Nussle was a prosecuting attorney in Iowa, where he also earned a Bachelor of Arts degree in political science from Luther College in Decorah, Iowa.

Scott Tabakin

Mr. Scott M. Tabakin is Independent Director of PRA Group, Inc. Mr. Tabakin was appointed as a Director in 2004. He was a Certified Public Accountant and has more than 20 years of public company experience. Currently an independent financial consultant, Tabakin served as Executive Vice President and Chief Financial Officer of Bravo Health, Inc., a privately owned managed health care company from July 2006 until the sale of the company in November 2010. From October 2003 until July 2006, Tabakin was an independent financial consultant. He served as Executive Vice President and Chief Financial Officer of AMERIGROUP Corporation, publicly traded managed health care company, from May 2001 until October 2003. Prior to May 2001, he was Executive Vice President and Chief Financial Officer of Beverly Enterprises, Inc., then the nation's largest publicly traded provider of long-term health care. Earlier in his career, Tabakin was an executive with the Accounting firm of Ernst & Young. He received a bachelor's degree in Accounting from the University of Illinois.

Lance Weaver

Mr. Lance L. Weaver is Independent Director of tPRA Group, Inc. Mr. Weaver was appointed as a Director in 2015. Weaver is an accomplished consumer financial services executive with nearly 40 years of experience across the consumer lending, mortgage and credit card asset classes. He has served as an advisor to financial services companies including VISA, Citigroup, Allied Properties and Apollo Capital, and was president, money cards for Virgin Money Holdings in the U.K. from 2013 to 2015. Before holding these positions, Weaver was president of EMEA Card Services for Bank of America, with approximately $30 billion in assets across Europe, Canada and China. He had previously served on the senior management team of MBNA Corporation for 15 years, where he helped build MBNA into the largest independent credit card lender in the world when it was acquired by Bank of America in 2006. His prior experience includes executive leadership roles with Citigroup, Wells Fargo and Maryland National Bank. Weaver earned a Bachelor of Arts degree in marketing from Georgetown University. He is a past member of the Georgetown University board of directors and board of trustees, and a past board chair of MasterCard.

Darby Schoenfeld

Ms. Darby Schoenfeld is Director of Investor Relations of PRA Group, Inc. Prior to joining PRA, Schoenfeld was the director of investor relations at JTH Holding, Inc., the parent company of Liberty Tax Service, where she established and implemented an investor relations program shortly after the company was listed on the NASDAQ. Previously, she was a member of the investor relations team at Amerigroup Corporation which was traded on the NYSE. Schoenfeld's finance career prior to investor relations has included roles as a securities analyst and as an advisor to small business owner retirement plans. She has an MBA from The Mason School of Business at The College of William and Mary and a BA degree in biology from the University of Texas at Austin.

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