PRA Group CFO Peter Graham resigns; Rakesh Sehgal appointed successor

PRA GROUP INC

Peter Graham resigns as EVP and CFO effective Sept 15, 2023, to join another public company.
Board appoints Rakesh Sehgal as EVP and CFO, effective Sept 15, 2023, as part of succession plan.
Sehgal, previously Head of Corporate Development, has 25+ years in financial services; was at GE/GE Capital.
Sehgal's compensation: $500k base salary, $500k target bonus, $175k RSU award vesting over three years.
Graham led modernizing financial ops, obtaining first credit rating, issuing over $1B in senior notes.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Peter M. Graham

Executive Vice President and Chief Financial Officer

PRAA · PRA GROUP INC

Effective: 2023-09-15
Successor: Rakesh Sehgal
Filed: August 24, 2023, 7:59 PM ET

On August 21, 2023, Peter M. Graham, Executive Vice President and Chief Financial Officer of PRA Group, Inc. (the “Company”), notified the Company’s Board of Directors (the “Board”) of his decision to resign from the Company, effective September 15, 2023, to pursue another employment opportunity.

Appointed

Rakesh Sehgal

Executive Vice President and Chief Financial Officer

PRAA · PRA GROUP INC

Effective: 2023-09-15
Filed: August 24, 2023, 7:59 PM ET

On August 23, 2023, the Board appointed Rakesh Sehgal to succeed Mr. Graham as the Company’s Executive Vice President and Chief Financial Officer, effective September 15, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter M. Graham resigned as Executive Vice President and Chief Financial Officer at PRA GROUP INC.

Action: resigned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On August 21, 2023, Peter M. Graham, Executive Vice President and Chief Financial Officer of PRA Group, Inc. (the “Company”), notified the Company’s Board of Directors (the “Board”) of his decision to resign from the Company, effective September 15, 2023, to pursue another employment opportunity.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Rakesh Sehgal was appointed as Executive Vice President and Chief Financial Officer at PRA GROUP INC.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On August 23, 2023, the Board appointed Rakesh Sehgal to succeed Mr. Graham as the Company’s Executive Vice President and Chief Financial Officer, effective September 15, 2023.

View on SEC.gov

PRA GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-23-220250

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