NORFOLK,
Va., June 13, 2023 /PRNewswire/ -- PRA Group,
Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting
nonperforming loans, announced today that Geir Olsen was re-appointed as an independent
director to the PRA Group Board of Directors effective June 15, 2023.
Olsen was the CEO and a board member of Aktiv Kapital AS, a
leading European consumer debt purchaser, from 2011 until its
acquisition by PRA Group in 2014, when Olsen became the CEO of
PRA Group Europe. He then served as a board member for PRA Group
until June 2020. Previously, Olsen
held various leadership roles in sales, marketing and strategy with
Cisco Systems. He also served as a consultant at
McKinsey & Company and cofounded the investment company
Ubon Partners. Olsen currently runs a private investment firm and
serves on various boards including the Nordic bank Avida Finans AB,
Nordic asset manager FIRST Fondene AS, Norwegian human resources
technology company Huma, UK-based digital mortgage lender
Molofinance, and Pexip Holding ASA, a video conferencing company
listed on the Oslo Stock Exchange.
"I am pleased to welcome Geir back to PRA Group's board of
directors. We look forward to again tapping into his immense
institutional and global market knowledge, both of which will
strengthen our strategy of delivering shareholder value through a
long-term focus and a customer-first approach across a diverse
geographic footprint," said Steve
Fredrickson, chairman of the board of directors. "His deep
expertise as an entrepreneur and experience in European markets
will help us broaden our global perspective and deliver against our
growth goals."
Olsen added, "I am delighted to have this opportunity to return
to what I know first-hand to be rewarding involvement with PRA
Group's journey to redefine the industry worldwide. I look forward
to continuing my service to PRA Group and its ongoing success."
More information about the PRA Group Board of Directors can be
found at www.ir.pragroup.com.
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 companies collaborate with customers
to help them resolve their debt. For more information, please visit
www.pragroup.com.
Media Contact:
Elizabeth
Kersey
Senior Vice President, Communications and Public Policy
(757) 641-0558
Elizabeth.Kersey@PRAGroup.com
Investor Contact:
Najim
Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com
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SOURCE PRA Group