PRA Group Announces Leadership Succession Plan
PRA Group (PRAA) has announced a leadership transition, with Martin Sjolund, current President of PRA Group Europe, appointed as the new President and Chief Executive Officer effective June 17, 2025. He will succeed Vikram Atal, who will retire and serve as a senior advisor through December 31, 2025.
Sjolund will join the Board of Directors upon assuming his new role, while Atal will step down from the Board at that time. Under recent leadership, the company has achieved notable milestones including record global portfolio purchases, double-digit cash growth, expanded leadership team, improved operational processes, and strengthened capital structure.
PRA Group (PRAA) ha annunciato un cambio di leadership, con Martin Sjolund, attuale Presidente di PRA Group Europe, nominato nuovo Presidente e Amministratore Delegato a partire dal 17 giugno 2025. Succederà a Vikram Atal, che andrà in pensione e servirà come consulente senior fino al 31 dicembre 2025.
Sjolund entrerà a far parte del Consiglio di Amministrazione al momento dell'assunzione del suo nuovo ruolo, mentre Atal si dimetterà dal Consiglio in quel momento. Sotto la recente leadership, l'azienda ha raggiunto traguardi notevoli, tra cui acquisti record di portafoglio globale, crescita a doppia cifra del cash flow, un team di leadership ampliato, processi operativi migliorati e una struttura patrimoniale rafforzata.
PRA Group (PRAA) ha anunciado una transición en el liderazgo, con Martin Sjolund, actual Presidente de PRA Group Europe, nombrado como el nuevo Presidente y Director Ejecutivo a partir del 17 de junio de 2025. Sucederá a Vikram Atal, quien se retirará y actuará como asesor senior hasta el 31 de diciembre de 2025.
Sjolund se unirá a la Junta Directiva al asumir su nuevo cargo, mientras que Atal dejará la Junta en ese momento. Bajo el reciente liderazgo, la empresa ha logrado hitos notables, incluidos compras récord de cartera global, crecimiento del efectivo de dos dígitos, un equipo de liderazgo ampliado, procesos operativos mejorados y una estructura de capital fortalecida.
PRA Group (PRAA)는 리더십 전환을 발표했으며, Martin Sjolund가 현재 PRA Group Europe의 대통령으로서 2025년 6월 17일부로 새로운 대통령 겸 CEO로 임명되었습니다. 그는 Vikram Atal의 뒤를 이어, Atal은 은퇴하고 2025년 12월 31일까지 수석 고문으로 활동할 예정입니다.
Sjolund는 새로운 역할을 맡는 즉시 이사회에 합류할 것이며, 그 시점에 Atal은 이사회에서 물러날 것입니다. 최근 리더십 하에, 회사는 기록적인 글로벌 포트폴리오 구매, 두 자릿수 현금 성장, 확대된 리더십 팀, 개선된 운영 프로세스 및 강화된 자본 구조 등 주목할 만한 이정표를 달성했습니다.
PRA Group (PRAA) a annoncé une transition de leadership, avec Martin Sjolund, actuel Président de PRA Group Europe, nommé nouveau Président et Directeur Général à compter du 17 juin 2025. Il succédera à Vikram Atal, qui prendra sa retraite et agira en tant que conseiller senior jusqu'au 31 décembre 2025.
Sjolund rejoindra le Conseil d'Administration dès qu'il assumera son nouveau rôle, tandis qu'Atal quittera le Conseil à ce moment-là. Sous la direction récente, l'entreprise a atteint des jalons notables, y compris des achats record de portefeuilles mondiaux, une croissance à deux chiffres des liquidités, une équipe de direction élargie, des processus opérationnels améliorés et une structure de capital renforcée.
PRA Group (PRAA) hat einen Führungswechsel angekündigt, wobei Martin Sjolund, derzeit Präsident der PRA Group Europe, zum neuen Präsidenten und Geschäftsführer ab dem 17. Juni 2025 ernannt wurde. Er wird Vikram Atal nachfolgen, der in den Ruhestand geht und bis zum 31. Dezember 2025 als Senior Advisor tätig sein wird.
Sjolund wird dem Vorstand beitreten, sobald er seine neue Rolle übernimmt, während Atal zu diesem Zeitpunkt aus dem Vorstand ausscheiden wird. Unter der jüngsten Führung hat das Unternehmen bemerkenswerte Meilensteine erreicht, darunter Rekordkäufe von globalen Portfolios, zweistelliges Wachstum des Cashflows, ein erweitertes Führungsteam, verbesserte Betriebsabläufe und eine gestärkte Kapitalstruktur.
- Record global portfolio purchases achieved
- Double-digit cash growth reported
- Strengthened capital structure
- Improved operational processes
- None.
Insights
PRA Group's announcement of Martin Sjolund succeeding Vikram Atal as President and CEO represents a well-orchestrated leadership transition with several positive elements. As current President of PRA Group Europe, Sjolund brings significant operational experience and continuity, reducing transition risks typically associated with CEO changes.
The extended handover period (Atal remaining as senior advisor through December) demonstrates thoughtful succession planning and should facilitate knowledge transfer. This orderly transition suggests the Board has been proactive rather than reactive in managing leadership evolution.
Notably, the announcement highlights record global portfolio purchases and double-digit cash growth under current leadership, indicating Sjolund will inherit a company with positive momentum. His familiarity with European operations is particularly valuable for a global debt collection firm operating in diverse regulatory environments.
While any CEO transition creates some uncertainty, this internal promotion with substantial overlap mitigates typical transition risks. Investors should view this as reflective of organizational maturity rather than disruptive change. The fact that PRA Group has positioned this as entering their "next phase of growth" signals confidence in strategic continuity while leaving room for natural evolution under new leadership.
Martin Sjolund appointed President and Chief Executive Officer, effective June 17, 2025
Vikram Atal to serve as senior advisor through December 31, 2025
"On behalf of the Board, I want to thank Vik for his leadership of PRA Group during a pivotal time," said Executive Chair of the Board Steve Fredrickson. "Today's announcement is the culmination of the Board's ongoing succession planning process and commitment to enabling long-term, profitable growth."
"It has been a privilege to lead PRA Group through this transformative time in the company's history," said Atal. "Since March 2023, I have worked closely with Martin, and I am highly confident in his ability to further strengthen our global leadership position. His strong track record in our European business, extensive industry knowledge, thoughtful leadership and commitment to our culture and customers will build on our strengths and create meaningful value for our shareholders in the years to come."
"I am honored to have the opportunity to lead PRA Group as we enter our next phase of growth," said Sjolund. "As a team, we have already achieved record global portfolio purchases and double-digit cash growth, expanded our leadership team, improved operational processes and strengthened our capital structure. These actions have positioned us to continue driving the company forward while delivering value to our shareholders."
About Martin Sjolund
Sjolund has served as President of PRA Group Europe since 2018, providing leadership across 15 markets in
Before being promoted to his current role, Sjolund served as Chief Operating Officer of
Prior to joining Aktiv Kapital, Sjolund held leadership positions in global technology companies and was a management consultant with McKinsey & Company in
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
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SOURCE PRA Group, Inc.
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