Adrian Butler Elected to PRA Group Board of Directors

Rhea-AI Summary

PRA Group (NASDAQ: PRAA) has announced the election of Adrian Butler as an independent director, effective January 1, 2025. Butler, currently the Chief Technology Officer at Foot Locker, brings over 25 years of technology leadership experience to the board. In his current role, he oversees technology strategy, innovation, and delivery across digital, data and analytics, supply chain/merchandising, and omni-channel experiences.

Butler's previous positions include CIO at Casey's General Stores and Dine Brands Global, and VP of technology services at Target He has received numerous industry recognitions and currently serves on the boards of Potbelly and Grambling University Foundation. As a former U.S. Air Force captain, Butler brings extensive experience in driving technology innovations across global organizations.

Positive

• Addition of experienced technology executive with public company board experience
• Strategic expertise in digital transformation and technology innovation
• Diverse leadership background across multiple retail and consumer sectors

Negative

• None.

The chief technology officer at Foot Locker, Butler brings more than 25 years of leadership experience across all areas of technology to the Board

NORFOLK, Va., Dec. 17, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that Adrian Butler has been elected as an independent director of the company, effective January 1, 2025.

Butler is the chief technology officer (CTO) of Foot Locker, Inc., a leading global footwear and apparel retailer with approximately 2,450 retail stores in 26 countries across North America, Europe, Asia, Australia and New Zealand, and a licensed store presence in the Middle East and Asia. As Foot Locker's CTO, Butler is responsible for driving technology strategy, innovation and delivery across their digital, data and analytics, supply chain/merchandising and omni-channel experiences. Prior to this role, he was chief information officer at Casey's General Stores, Inc., and senior vice president of information technology and chief information officer at Dine Brands Global, Inc., the parent company of Applebee's and IHOP restaurants. He also served as vice president in the technology services division at Target Corporation.

In addition to serving on boards such as Potbelly Corporation and Grambling University Foundation, his alma mater, Butler is the recipient of numerous awards and recognitions, including Los Angeles Business Journal's CIO of the Year, CIO Magazine's CIO 100, Computerworld's Premier 100 IT Leaders, Board Prospects' 50 Military Veteran Board Members Making a Difference and the 500 Most Powerful Business Leaders in Dallas-Fort Worth.

"We are thrilled to welcome Adrian to the Board," said Steve Fredrickson, PRA Group Board chairman. "Adrian is an experienced public company board member and business leader with demonstrated success driving technology innovations to transform large global organizations across multiple industries after serving as captain in the United States Air Force. His business and technology insights and expertise will be invaluable to the Board and management as we continue to advance our IT strategy and preparedness in support of initiatives that drive profitable growth."

"I am honored to join the talented Board at PRA Group as a strategic business partner and contribute my experience to support its continued growth and success around the globe," said Butler.

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.

News 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, Inc.

FAQ

When will Adrian Butler join PRA Group's board of directors?

Adrian Butler will join PRA Group's (PRAA) board of directors effective January 1, 2025.

What is Adrian Butler's current role before joining PRA Group's board?

Adrian Butler currently serves as the Chief Technology Officer (CTO) of Foot Locker, where he leads technology strategy, innovation, and delivery across digital, data and analytics, supply chain/merchandising, and omni-channel experiences.

What relevant experience does Adrian Butler bring to PRA Group's board?

Butler brings over 25 years of technology leadership experience, including roles as CIO at Casey's General Stores and Dine Brands Global, VP of technology services at Target , and experience as a U.S. Air Force captain.

How will Adrian Butler's appointment benefit PRA Group's strategic goals?

Butler's technology expertise and experience in driving innovations will support PRA Group's IT strategy and preparedness in initiatives aimed at driving profitable growth.