#USA #Norfolk #PRA Group #Martin Sjolund #Vikram Atal

PRA Group Announces Leadership Transition

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting non-performing loans, has unveiled a significant leadership transition. Effective June 17, 2025, Martin Sjolund will take the helm as President and Chief Executive Officer (CEO) of the company, succeeding the current CEO, Vikram Atal, who has decided to retire after a pivotal tenure. Atal, however, will remain as a senior advisor until December 31, 2025, to ensure a smooth transition.

This announcement marks a critical moment for PRA Group as it continues to navigate through transformative phases. The decision reflects the board's commitment to long-term, profitable growth and highlights the importance of effective succession planning in corporate governance.

In expressing gratitude for Atal's leadership, Steve Fredrickson, Executive Chairman of the Board, emphasized the essential role Atal played in guiding the company during crucial times. Atal acknowledged this transition in his leadership by stating it was a privilege to steer the company through its transformative period, marking a notable chapter in PRA Group's history.

Martin Sjolund, who has served as the President of PRA Group Europe since 2018, has a robust record of overseeing significant portfolio investments across Europe, maximizing profitability, and spearheading market expansions. Under Sjolund's leadership, PRA Group has achieved remarkable feats, including record purchases of global portfolios and a double-digit growth in cash flow. He has also improved operational processes and reinforced the company's capital structure, positioning it favorably for continued growth and shareholder value enhancement.

Sjolund expressed enthusiasm about leading PRA Group into its next growth phase, underscoring the team’s past achievements and the collaborative efforts made to reach record highs in portfolio acquisitions. He conveyed confidence in the company's ability to further strengthen its market leadership while enhancing shareholder value.

About Martin Sjolund

Before taking up the role of President, Sjolund was the Chief Operating Officer (COO) for Europe from 2015 to 2018. His previous experience includes serving as the Director of Strategy and Business Development at Aktiv Kapital until PRA Group acquired it in 2014. Sjolund has also held leadership positions in global technology companies and worked as a management consultant at McKinsey & Company in Singapore and London.

With an MBA from the University of Chicago and a degree from Georgetown University, Sjolund is well-equipped to guide PRA Group towards achieving its strategic objectives.

About PRA Group

PRA Group operates as a leading global entity specializing in the acquisition and recovery of non-performing loans, aiming to restore capital to banks and other creditors while enhancing financial services for consumers across various regions, including the Americas, Europe, and Australia. With thousands of employees worldwide, PRA Group focuses on client-driven solutions to assist individuals in overcoming debt challenges, showcasing its commitment to customer service and corporate responsibility. For additional information about PRA Group, visit www.pragroup.com.

Contact for Press Inquiries

For further queries, please reach out to Elizabeth Kersey, Senior Vice President of Communications and Public Policy at (757) 641-0558 or via email at [email protected] Lastly, for investment-related inquiries, Najim Mostamand, CFA, serves as the Vice President of Investor Relations and can be contacted at (757) 431-7913 or [email protected].