PRA Group Names Kevin Stevenson CEO - Quick Facts

(RTTNews) - PRA Group, Inc. (PRAA) announced that Kevin Stevenson will succeed Steve Fredrickson as the chief executive officer following the 2017 Annual Meeting of Stockholders, which will be held on June 1, 2017. Fredrickson, who has served as CEO since founding PRA Group with Stevenson, will transition to a new role as executive chairman of the PRA Group Board.

Stevenson, currently serves as president and chief administrative officer, is being appointed as a part of the Board of Directors' long-term succession plan which was developed when Fredrickson informed the Board of his desire to eventually step down as CEO.