PRA Group Welcomes Najim Mostamand, CFA, to Lead Investor Relations Strategy and Enhance Shareholder Value

Rhea-AI Summary

PRA Group, Inc. (Nasdaq: PRAA) has appointed Najim Mostamand, CFA, as the new vice president of investor relations. Mostamand, who brings nearly a decade of experience from managing investor relations at over 20 small-cap companies, aims to enhance PRA Group's investor engagement strategies. Senior executives expressed optimism about his ability to further develop the company's investor relations roadmap and deepen relationships with stakeholders. Mostamand's appointment is seen as a strategic move to fortify the company’s long-term shareholder value.

Positive

• Najim Mostamand brings nearly a decade of experience in investor relations from over 20 small-cap companies.
• His appointment is aimed at enhancing PRA Group's investor engagement and long-term shareholder value.
• Executive management is optimistic about new ideas and strategies contributing to investor relations.

Negative

• None.

NORFOLK, Va., July 20, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Najim Mostamand, CFA, as vice president of investor relations.

"We are excited to have Najim join our team and expand our comprehensive investor relations strategy that enhances PRA Group's long-term shareholder value," said Lauren Partin, PRA Group's senior vice president of finance and investor relations. "He has a wealth of experience in leading several successful investor relations campaigns, and we are thrilled to have him inject new ideas, solutions and energy to expand our investment story to new audiences, while deepening our current investor and analyst relationships."

Mostamand joins the Company with nearly a decade of experience in managing and building the investor relations programs of more than 20 small cap companies. He most recently served as director of investor relations at Greenlane Holdings, where he developed and executed a successful investor relations roadmap that enhanced the company's communications, shareholder base and relationships with the investment community.

"Najim has a strong background of conducting investor analysis, increasing analyst engagement and building institutional ownership, all of which will make him an excellent advocate for PRA Group's long-term shareholder value," said Pete Graham, executive vice president and chief financial officer of PRA Group. "We are excited for him to help educate and engage stakeholders around our strong financial model, business strategy and investment thesis."

At PRA Group, Mostamand will work to expand the Company's overall investor relations roadmap, while also overseeing the Company's quarterly earnings calls, investor conferences and investor meetings.  

"I am excited to be joining the team at PRA Group, especially during this exciting and critical time in the nonperforming loan industry," said Mostamand. "PRA Group's strong and tenured management team, geographic diversity, healthy balance sheet and disciplined capital allocation demonstrate why the Company has successfully attracted the attention and engagement of many investors and analysts during its 20-year history as a public company. I look forward to helping the Company build on this impressive track record and ultimately elevate its investor relations strategy to new heights."  

To learn more about PRA Group and investment opportunities with the Company, visit: www.ir.pragroup.com

About PRA Group
As a global leader in acquiring and collecting nonperforming loans, PRA Group returns capital to banks and other creditors to help expand financial services for consumers. 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) 961-3525
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

FAQ

What is the significance of Najim Mostamand's appointment at PRA Group (PRAA)?

Najim Mostamand's appointment as vice president of investor relations at PRA Group is significant as it aims to enhance the company's investor engagement strategies and strengthen long-term shareholder value.

How will Najim Mostamand impact PRA Group's investor relations strategy?

Najim Mostamand is expected to bring new ideas and a robust strategy to deepen relationships with current investors and attract new ones, leveraging his extensive experience.

What experience does Najim Mostamand have in investor relations?

Najim Mostamand has nearly ten years of experience managing investor relations for more than 20 small-cap companies, including a successful role at Greenlane Holdings.

When was Najim Mostamand appointed at PRA Group?

Najim Mostamand was appointed vice president of investor relations at PRA Group on July 20, 2022.

What is PRA Group's focus as a company?

PRA Group is focused on acquiring and collecting nonperforming loans, returning capital to banks, and expanding financial services for consumers.