PRA Group Launches Pride Alliance Employee Resource Group

Rhea-AI Summary

PRA Group, a global leader in nonperforming loan acquisition and collection, launched its Pride Alliance Employee Resource Group (ERG) on June 27, 2024, during Pride Month. This ERG aims to support LGBTQ+ employees, allies, and advocates by fostering an inclusive environment. The group is the fifth ERG in the company's U.S. operations and the third with a global reach. Senior Vice Presidents Kim Carr and Leigh Bates will serve as co-sponsors. The virtual launch event was attended by over 70 employees and included discussions on volunteer opportunities and educational resources. PRA Group's other ERGs focus on women's advocacy, well-being, Black excellence, and Hispanic/Latinx community support.

Positive

• Launch of Pride Alliance ERG during Pride Month.
• Global reach of the ERG, third ERG to launch on a global scale.
• Support from senior leadership, with SVPs Kim Carr and Leigh Bates as co-sponsors.
• Virtual launch event attended by over 70 employees, indicating strong interest and support.

Negative

• None.

Global Financial Services Company Furthers Culture of Inclusivity During Pride Month

NORFOLK, Va., June 27, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, yesterday celebrated the launch of its Pride Alliance Employee Resource Group (ERG). Pride Alliance is designed to serve LGBTQ+ employees, allies and advocates, and will provide a space that celebrates and embraces the LGBTQ+ community. 

Pride Alliance is the fifth ERG within the publicly traded company's U.S. business, and its third to launch on a global scale. Supported by volunteers across the business, Senior Vice President and Chief Technology Officer Kim Carr and Senior Vice President of Business Development and Client Services Leigh Bates will serve as the group's founding executive co-sponsors.

"I'm excited to help PRA Group foster an inclusive and supportive workplace where all of our colleagues feel simultaneously comfortable being open about who they are and encouraged to bring their whole selves to work every day, which, in turn, empowers them to do their best," said Carr.

The virtual launch celebration included more than 70 PRA Group employees from across the company's global operation. The meeting commenced with an overview of PRA Group's ERG program and how Pride Alliance plans to contribute through volunteer opportunities and educational resources. Leaders then engaged participants in thoughtful conversations about how the group can work to foster inclusivity as participants built a sense of community across the globe.

"We are all stronger and more successful when we bring our true selves to work, and through Pride Alliance, I'm excited to support this community's members in achieving their full potential at PRA Group," said Bates. Both Carr and Bates look forward to spending the rest of the year growing the ERG.

Additional PRA Group ERGs include Women in Business Advocates, Well-Being, Black Excellence and ¡Hola!, all of which aim to provide benefits such as mentorship networks and opportunities to give back that address the company's diverse global workforce.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/pra-group-launches-pride-alliance-employee-resource-group-302184587.html

SOURCE PRA Group, Inc.

FAQ

What is the purpose of PRA Group's Pride Alliance Employee Resource Group?

The Pride Alliance ERG aims to support LGBTQ+ employees, allies, and advocates, fostering an inclusive workplace environment.

When was the Pride Alliance ERG launched by PRA Group?

The Pride Alliance ERG was launched on June 27, 2024, during Pride Month.

Who are the executive co-sponsors of the Pride Alliance ERG at PRA Group?

Senior Vice Presidents Kim Carr and Leigh Bates are the executive co-sponsors of the Pride Alliance ERG.

How many employees attended the virtual launch event for PRA Group's Pride Alliance ERG?

Over 70 PRA Group employees attended the virtual launch event.

How many Employee Resource Groups does PRA Group have in the U.S.?

PRA Group has five ERGs in the U.S., including Pride Alliance.

What other Employee Resource Groups does PRA Group have besides Pride Alliance?

PRA Group's other ERGs include Women in Business Advocates, Well-Being, Black Excellence, and ¡Hola!.