REG-Capita Plc: Directorate Change: Notice of Board change at Capita

CapitaAnnouncement

31/07/2023 07:15

Jon Lewis to retire as Chief Executive Officer; appointment of Adolfo
Hernandez as CEO designate

 

 

31 July 2023

 

Notice of Board change at Capita  

 

Jon Lewis to retire as Chief Executive Officer; appointment of Adolfo
Hernandez as CEO designate

 

Capita plc (‘Capita’ or ‘the Company’) announces
that Jon Lewis has informed the Board of his intention to retire from the
Company.

 

Jon will step down as Chief Executive Officer and a Director on the Board
towards the end of the year, while remaining in the business until July 2024
to ensure an orderly transition. 

 

He will be succeeded by Adolfo Hernandez, who will join Capita as Chief
Executive Officer and Director. Adolfo is currently Vice President, Global
Telecommunications for Amazon Web Services (AWS), and has had a 30-year
career in the technology sector, including senior leadership roles at SDL plc
and Alcatel-Lucent. 

 

Jon has served Capita as CEO and Director since December 2017 and has led the
successful transformation of the Group.

 

He informed the Board last year that he was interested in exploring his
future options, including eventual retirement from Capita and handover to a
new CEO, once the business had pivoted to growth following its completed
turnaround and a potential successor had been identified. Following these
discussions, the Board commenced a succession-planning process.

 

David Lowden, Chairman of Capita, said: "On behalf of the Board and everyone
at Capita, I would like to offer our sincere thanks to Jon and pay tribute to
his significant commitment and achievements at Capita over the past five
years.

 

“He has shown outstanding leadership and determination in rebuilding Capita
from the ground up. It is now a purpose-led business which Jon has refocused,
strengthened and returned to growth, while rebuilding client trust and
improving colleague engagement. He should be rightly proud of his
achievements.

 

“I also want to pay particular tribute to his leadership in recent months,
during which he decided to delay his possible retirement from Capita due to
the cyber incident we experienced in March.” 

 

David Lowden added: “We carried out a thorough search for a successor to Jon
and are delighted to have secured Adolfo Hernandez as Capita’s new CEO.
Adolfo has a great track record in accelerating revenue growth driven by
digital services and, as we look to deliver on the next stage of our
development at Capita, his appointment is testament to the exciting potential
for the business.”

 

Jon Lewis said: “It has been a privilege to lead the turnaround of Capita
over the past five years. I remain fully committed to delivering the Group’s
strategy and enabling a smooth transition to Adolfo as the new CEO over the
coming months.

 

“I remain indebted to the 50,000 colleagues across Capita for their hard
work, commitment and professionalism during my time as CEO.

 

“I have the greatest respect for the achievements of Capita’s people
around the world, whom I have been proud to lead and who have earned the
trust of our valued clients, suppliers and other stakeholders.”

 

Adolfo Hernandez said: "I am very excited to be joining Capita. The Group is
in strong financial health and well positioned for accelerated revenue growth
in both its public service and customer experience markets, with a healthy
pipeline of future opportunities.

 

“I look forward to working with all my new colleagues and other
stakeholders, as Capita continues to successfully deliver innovative digital
solutions for its clients and their customers.”

 

Capita will announce half-year results on 4 August 2023. Trading for the first
six months of the year has been in line with company expectations.

 

There is no other information to be disclosed under Listing Rule 9.6.13 in
respect to Mr Hernandez.

 

Adolfo Hernandez’s remuneration arrangements are consistent with the terms
of the Directors' Remuneration Policy approved by shareholders at the Annual
General Meeting in May 2021 and will be set out in the Company’s
Directors’ Remuneration Report for the year ended 31 December 2023.

 

The remuneration arrangements relating to Jon Lewis’ retirement will be
disclosed in accordance with section 430(2B) of the Companies Act 2006 on
Capita's website in due course.

This announcement contains inside information.

For more information, please contact:

Investor enquiries
Helen Parris, Director of Investor Relations
Tel: 07720 169 269
Email: IRteam@capita.co.uk

Stephanie Little
Investor Relations Manager
Tel: 07541 622838
Email: IRteam@capita.co.uk

Media enquiries
Capita external communications
Tel: 0207 654 2399
Email: media@capita.co.uk 

 

 

 

Notes to editors:

Capita is a leading provider of business process services, driven by data,
technology and people. We are a purpose-led, responsible organisation­. Every
day our 50,000 colleagues help millions of people, by delivering innovative,
digitally enabled solutions to transform and simplify the connections between
government and citizens, businesses and customers. We partner with our clients
and provide the insight and technologies that give time back, allowing them to
focus on what they do best and making people’s lives easier and simpler. We
operate across three divisions – Capita Public Service, Capita Experience
and Capita Portfolio – in the UK, Europe, India and South Africa. Capita is
quoted on the London Stock Exchange (CPI.L). Further information can be found
at: http://www.capita.com

 

 

 

 



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