REG-Capita PLC: Resignation of Patrick Butcher

CapitaAnnouncement

16/11/2020 09:05

This announcement contains inside information 

Capita plc

LEI number: CMIGEWPLHL4M7ZV0IZ88

16 November 2020 

Resignation of Patrick Butcher   
 

Capita plc (“Capita”) today announces that Patrick Butcher 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
Gordon Boyd to take over as interim CFO and Executive Director.

Patrick steps down from the Board on 16 November 2020 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 March 2021. 

A process is now underway to identify and appoint a permanent successor as
CFO; a further announcement will be made in due course. 

Jon Lewis, 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.”

Patrick Butcher said:

"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.”

Gordon Boyd said:

“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 10 November 2020.

There is no further information required to be disclosed relating to Gordon
Boyd pursuant to Listing Rule 9.6.13.

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 Francesca Todd, Group Company
Secretary.

Notes to editors: 

Patrick Butcher took up his post as Chief Financial Officer at the end of 2018
and was formally appointed as a director on 1 January 2019. He will receive
current salary and contractual benefits (including pension) up to 31 March
2021. Outstanding awards held under the Company’s long-term incentive plan
are expected to lapse on 31 March 2021 in accordance with the scheme rules.

Gordon Boyd 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:

Investor enquiries
Stuart Morgan
Director of Investor Relations
Tel: 020 7654 2220
Email: IRteam@capita.co.uk 

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

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 UK, Europe, India and South Africa – 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

ENDS



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