Capita chief executive to step down
Capita plc (Capita) today announces that Paul Pindar will retire from Capita and step down as chief executive and from the group board with effect from 28 February 2014, after 26 years with the Company. Paul has played a key role in Capita's successful growth since joining the Company in 1987, including 22years as managing director and chief executive.
Paul is leaving Capita to establish a portfolio of private equity opportunities, alongside his role as non-executive chairman of Integrated Dental Holdings. He hopes to use the skills and expertise that he has gained at Capita to help small and medium sized organisations reach the next stage of their growth.
In line with Capita's senior management succession plan, Andy Parker, the group's current deputy chief executive and Joint COO, will succeed Paul as chief executive from 1 March 2014. To ensure a seamless transition, Andy will step down from his role as Joint COO from 1 January 2014, allowing him to fully focus on his role as deputy chief executive. Dawn Marriott-Sims, currently executive director of Capita's Workplace Services division, will be appointed to the group board and succeed Andy as Joint COO with effect from 1 January 2014.
Paul Pindar, chief executive, said, "I have been enormously privileged to lead the team at Capita. The Group's growth and success is due to the commitment and team work of the group board, the senior management team and all my colleagues across Capita. After 26 years with the Company and approaching my 50th results presentation, I believe that now is the right time to hand the reins over to Andy. I will be leaving Capita with a strong management team and in excellent financial and operational shape for further success in 2014 and beyond. Andy will bring a wealth of experience to his new role as Chief Executive and I wish him and the whole Capita team all the very best in taking the Company forward."
Andy Parker, deputy chief executive and Joint COO, said: "I am delighted to have the opportunity to lead Capita through the next stage of its growth and development. Paul has established an exceptional team andtrack record and I look forward to working with the Board and all my colleaguesto build on this going forward. I would like to thank Paul personally for hisinvaluable guidance and support, particularly over the last 6 months in my roleas deputy chief executive. I would also like to congratulate Dawn on her appointment to the Board and look forward to the undoubted energy and operational experience that she will bring to the team."
Martin Bolland, chairman, said: "Paul has made an enormous contribution throughout his career at Capita. He has been instrumental in smoothly guiding the Company through its exceptional growth and performance, delivering an unbroken track record of year-on-year
earnings growth. He has inspired the best in his team with his indomitable leadership and unwavering sense of fun and good humour. Our robust succession planning has ensured that there is a strong team in place to continue delivering success. On behalf of the Board and the wider Group, I welcome Andy and Dawn to their new roles and extend warmest thanks to Paul for his dedication and exceptional service to the Company. We all wish Paul well in his future endeavours."