PRA Group CEO Vikram Atal to retire; Martin Sjolund named successor effective June 17, 2025

PRA GROUP INC

Atal to retire as President and CEO and from Board on June 17, 2025, then serve as Senior Advisor through Dec 31, 2025.
Martin Sjolund, currently President of PRA Group Europe, appointed CEO effective same date; will join Board.
Sjolund has led European business since 2018, with expanded responsibility for Canada and Australia in 2023.
Chairman Fredrickson cited ongoing succession planning; Sjolund highlighted record portfolio purchases and double-digit cash growth.
Atal's retirement not due to any disagreement; he will receive separation benefits per existing employment agreement.

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.

Appointed

Martin Sjolund

President and Chief Executive Officer

PRAA · PRA GROUP INC

Effective: 2025-06-17
Filed: April 7, 2025, 7:59 PM ET

On April 2, 2025, the Board appointed Martin Sjolund to succeed Mr. Atal as the Company’s President and Chief Executive Officer, effective on June 17, 2025, immediately following the 2025 Annual Meeting.

Departed

Glenn P. Marino

Director

PRAA · PRA GROUP INC

Effective: 2025-06-17
Filed: April 7, 2025, 7:59 PM ET

In addition, on April 2, 2025, Glenn P. Marino notified the Company of his decision to retire from the Board immediately following the 2025 Annual Meeting.

Departed

Vikram A. Atal

President and Chief Executive Officer

PRAA · PRA GROUP INC

Effective: 2025-06-17
Successor: Martin Sjolund
Filed: April 7, 2025, 7:59 PM ET

On April 2, 2025, Vikram A. Atal, President and Chief Executive Officer of PRA Group, Inc. (the “Company”), notified the Company’s Board of Directors (the “Board”) of his decision to retire as President and Chief Executive Officer and as a member of the Board, effective on June 17, 2025, immediately following the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Martin Sjolund was appointed as President and Chief Executive Officer at PRA GROUP INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On April 2, 2025, the Board appointed Martin Sjolund to succeed Mr. Atal as the Company’s President and Chief Executive Officer, effective on June 17, 2025, immediately following the 2025 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Glenn P. Marino departed as Director at PRA GROUP INC.

Action: retire
Role: Director

Exact text from the filing

In addition, on April 2, 2025, Glenn P. Marino notified the Company of his decision to retire from the Board immediately following the 2025 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Vikram A. Atal departed as President and Chief Executive Officer at PRA GROUP INC.

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

On April 2, 2025, Vikram A. Atal, President and Chief Executive Officer of PRA Group, Inc. (the “Company”), notified the Company’s Board of Directors (the “Board”) of his decision to retire as President and Chief Executive Officer and as a member of the Board, effective on June 17, 2025, immediately following the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).

View on SEC.gov

PRA GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-25-074763

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