Capita plc - Resignation of Patrick Butcher
This announcement contains inside information
LEI number: CMIGEWPLHL4M7ZV0IZ88
Resignation of Patrick Butcher
Capita plc (“Capita”) today announces that has decided to step down from his position as Chief Financial Officer (CFO) and Executive Director to pursue other opportunities.
To ensure continuity and effective ongoing leadership, the Board has appointed to take over as interim CFO and Executive Director.
Patrick steps down from the Board on and Gordon joins the Board on the same date.
Patrick will assist Gordon in an orderly handover and will remain employed to support Gordon and the company until the end of .
A process is now underway to identify and appoint a permanent successor as CFO; a further announcement will be made in due course.
, Chief Executive Officer, said:
"I want to thank Patrick for his commitment and support in the delivery of significant improvements over the past two years, especially as we have continued to navigate the challenges and uncertainties brought on by the Covid-19 crisis. I and the rest of the senior leadership team wish him well as he looks to fresh challenges.
“I am delighted that Gordon is joining us as interim Chief Financial Officer. He brings significant experience of working in companies going through a period of change. Gordon will play a crucial role in our ongoing transformation at Capita.”
"It has been a privilege to be at the centre of an organisation which touches the lives of millions of people every day by delivering essential services and solutions. I wish Jon and the rest of the senior leadership team all the best for the future.”
“I am excited to be joining Capita and very much looking forward to working with Jon, his leadership team and the thousands of colleagues across the company to help create a focused, sustainable business for the long term.”
The Company's outlook is unchanged from that outlined in the Group trading update of .
There is no further information required to be disclosed relating to pursuant to Listing Rule .
Details of remuneration will be disclosed in Capita’s Annual Report and Accounts, when finalised, and available on Capita’s website.
Announcement authorised for release by , Group Company Secretary.
Notes to editors:
took up his post as Chief Financial Officer at the end of 2018 and was formally appointed as a director on . He will receive current salary and contractual benefits (including pension) up to . Outstanding awards held under the Company’s long-term incentive plan are expected to lapse on in accordance with the scheme rules.
has more than 30 years’ experience at major businesses, including as CFO of FTSE 250 companies. He has significant experience of leading transformation at businesses including Drax, Infinis and British Energy. He is a graduate of Edinburgh University, and holds accountancy and treasury qualifications.
For more information please contact:
Director of Investor Relations
Tel: 020 7654 2220
Email: Investor enquiries
Capita external communications
Tel: 0207 654 2399
Email: Media enquiries
Capita is a consulting, transformation and digital services business. Every day our 61,000 colleagues help millions of people, by delivering innovative solutions to transform and simplify the connections between businesses and customers, governments and citizens. We partner with clients and provide the insight and cutting-edge technologies that give time back, allowing them to focus on what they do best and making people’s lives easier and simpler. We operate in the , , and – and across six divisions: Customer Management; Government Services; People Solutions; Software; Specialist Services; and Technology Solutions.
Capita is quoted on the London Stock Exchange (CPI.L).
Further information can be found at: http://www.capita.com
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