Adrian Butler Joins PRA Group Board, Bringing Vast Technology Experience

Adrian Butler Joins PRA Group Board of Directors

In a significant move, PRA Group, Inc. (Nasdaq: PRAA), a prominent entity in the arena of acquiring and collecting nonperforming loans, has announced the election of Adrian Butler to its Board of Directors, effective January 1, 2025. With over 25 years of rich experience in technology leadership roles, Butler's presence on the board is expected to influence the company's technological advancements and strategies.

Butler, currently serving as the Chief Technology Officer (CTO) for Foot Locker, Inc., oversees technology strategy, innovation, and implementation across various sectors, including digital initiatives, data analytics, and supply chain management. Foot Locker stands as a leading retailer in footwear and apparel, operating around 2,450 retail outlets across 26 countries, including regions in North America, Europe, Asia, Australia, and New Zealand.

Before taking on the role at Foot Locker, Butler held prominent positions in the tech sector. He was the Chief Information Officer at Casey's General Stores, and prior to that, he was the Senior Vice President of Information Technology at Dine Brands Global, which is renowned for its Applebee's and IHOP restaurant chains. Butler's career also includes valuable experience at Target Corporation, where he served as Vice President in the Technology Services Division.

Apart from his corporate achievements, Butler contributes to the community through his membership on boards for organizations such as Potbelly Corporation and the Grambling University Foundation, reflecting his commitment to fostering growth and education in diverse communities. His accolades are a testament to his expertise, with recognitions from the Los Angeles Business Journal as CIO of the Year, listings in CIO Magazine's CIO 100, Computerworld's Premier 100 IT Leaders, and numerous others celebrating his impact in technology leadership.

Steve Fredrickson, chairman of PRA Group's board, expressed enthusiasm about Butler's appointment, emphasizing that his extensive experience as a public company board member equips him with unique insights pertinent to navigating technology transformations. Fredrickson noted Butler's adeptness in harnessing technology to enhance the operations of large global entities, which will be crucial as PRA Group continues its mission to redefine business growth within the financial sector.

Commenting on his new position, Butler conveyed his excitement and readiness to be an integral part of PRA Group, aiming to leverage his knowledge and experience in steering the company toward further success. He highlights his dedication to collaborating with fellow board members and management in advancing PRA Group's IT strategy and fostering a progressive trajectory in line with the company’s mission.

PRA Group specializes in recovering capital for banks and financial services across the Americas, Europe, and Australia, working with consumers to resolve debt and drive financial inclusion. With a global workforce and a commitment to ethical collection practices, the company strives to enhance consumer access to financial services.

Adrian Butler's appointment embodies a strategic enhancement to PRA Group's leadership, reinforcing its commitment to innovation and operational excellence. His proven track record in technology leadership and strategic insights will play a vital role in shaping the company's future direction as it navigates the complexities of the financial landscape in an evolving global market.

For more details about PRA Group, its mission, and Butler's perspective on his new role, visit www.pragroup.com.