Board of Directors
Steve Fredrickson has served as the Company’s Chairman of the Board since April 2020. He was Executive Chairman of the Board from June 2017 until his current role and was Chairman and CEO from 2002 to June 2017. Fredrickson co-founded the Company with Kevin Stevenson in 1996 and served as its President and CEO from founding. Prior to PRA, Fredrickson held leadership roles with Household International in various business units responsible for distressed consumer, commercial, and commercial real estate debt. Previously, he specialized in corporate and real estate workouts at Continental Bank of Chicago. Fredrickson‘s current community involvement includes him serving as a member of the board of directors for the United Way of South Hampton Roads Foundation and St. Mary’s Home Foundation and as a member of the board of trustees for Eastern Virginia Medical School Foundation. He has an MBA from the University of Illinois and a BSBA from the University of Denver.
Vikram Atal is president and CEO of PRA Group, Inc. Atal joined PRA Group’s Board of Directors in 2015.
Before joining PRA Group, Atal held various senior executive roles over the course of a 27-year career with Citigroup, Inc. From 2008 to 2013, he was an executive vice president for Citigroup’s global consumer bank, where he had responsibility for shaping Citigroup as an information-centric enterprise and leveraging analytics and data to drive growth. He also successfully managed $200 billion of high-risk consumer assets during the 2008 financial crisis. From 2005 to 2008 Atal served as chairman and chief executive officer for the North America card franchise, where he oversaw operations spanning 50 countries, 30,000 employees, and 60 million customers. In this role, he achieved record results – including revenues of $18 billion – amidst a changing regulatory landscape.
His previous roles with Citigroup included leadership of partnership programs for Citi Cards, chief financial officer of Citigroup’s U.S. cards franchise, and overseeing SEC, regulatory and business financial reporting for Citicorp. He is a member of the Board of Goldman Sachs Bank USA and has served as a senior advisor to both McKinsey & Company and venture investment firm MissionOG. Atal holds a Bachelor of Arts degree in mathematics from St. Stephen’s College in Delhi, India, and a Bachelor of Science degree in finance from the London School of Economics and Political Science.
Danielle Brown was appointed as a Director in 2019. Brown is a certified Lean Six Sigma Black Belt with over 20 years of experience in global technology services. She currently serves as the Chief Information Officer for Whirlpool Corporation, a position she has held since November 2020. From November 2016 until October 2020, Brown served as the Chief Information Officer for Brunswick Corporation. Prior to her role with Brunswick, Brown served for 16 years in roles of increasing responsibility with DuPont Corporation, including Chief Information Officer for Global Business and head of global transformation and productivity, where she led and achieved system simplification, complexity reduction and improved access, flexibility and security for end users. During her time at DuPont, Brown was also head of global data, business insight and analytics and global information technology strategy, planning, organization development and compliance. Brown earned a Bachelor of Arts in Computer Science from Indiana University of Pennsylvania, a Master of Science in Information Systems from Pennsylvania State University, and a Master of Business Administration from Drexel University.
Marjorie Connelly was appointed as a Director in 2018 and served previously on the PRA Group Board from 2013 to 2014. She has almost 30 years of experience in financial services. Most recently, Connelly was the Chief Operating Officer for Convergys Corporation, a publicly traded, global leader in customer management. From 2012 to 2013, she was the Interim President of Longwood University. From 2009 to 2011, Connelly was the Global Chief Operating Officer at Barclaycard where she was responsible for the operations and technology support of the consumer and commercial credit card, merchant acquiring and point of sale finance businesses. From 2006 to 2008, Connelly was the Chief Operating Officer of Wachovia Securities, and prior to that, she spent 12 years at Capital One Financial Services in roles of increasing responsibility, including Executive Vice President, Head of Infrastructure for U.S. credit card operations and interim Chief Information Officer. Connelly earned a Bachelor of Arts in Political Science from the University of Delaware and has completed the Advanced Management Program at Harvard Business School.
John Fain was appointed as a Director in 2010. Fain has more than 25 years of business management experience, including service as the President and Chief Executive Officer of Metro Information Services, an information technology consulting services firm which went public in 1997, and merged with Keane, Inc. in 2001. He served as a member of the Board of Directors of Keane, Inc. until September 2006. Prior to co-founding Metro Information Services, Fain developed and ran his own independent data processing consulting practice, servicing clients in multiple states. He is currently retired, and serves on the Investment Committee of the Hampton Roads Community Foundation. Fain holds a bachelor's degree in Computer Science from the University of South Carolina.
James Nussle joined PRA Group’s Board of Directors in 2013. He is currently the President and Chief Executive Officer of the Credit Union National Association, a position that he has held since September 2014. Mr. Nussle has also served on the board of trustees of Thrivent Financial Mutual Funds since 2011 and is an industry advisor to a private equity firm, Avista Capital Partners. Mr. Nussle previously served as the President of Growth Energy, a renewable energy industry association based in Washington, D.C., from 2010 to 2013. Prior to his private sector career, Mr. Nussle served extensively in government at both the local and federal levels. He served eight terms as a U.S. Representative from Iowa between 1991 and 2007, was elected by his colleagues to serve three terms as the House Budget Committee Chairman, and was selected by President George W. Bush in 2007 to serve in his Cabinet as the Director of the Office of Management and Budget. Mr. Nussle also served on a number of President Bush’s policy councils including the National Economic, Homeland Security and National Security Councils. Mr. Nussle’s career also includes four years as an elected prosecuting attorney in Iowa and the practice of law in Iowa.
Geir Olsen joined PRA Group’s Board of Directors in June 2023. Mr. Olsen was the CEO and a board member of Aktiv Kapital, AS, a leading European consumer debt purchaser, from September 2011 until its acquisition by the Company in 2014. From August 2014 until January 2016, Mr. Olsen served as the CEO of PRA Group Europe. Prior to Aktiv Kapital, Mr. Olsen held various leadership roles in sales, marketing and strategy with Cisco Systems and Tandberg, a Norwegian company that Cisco acquired in 2010. He also advised financial services and technology companies as a consultant at McKinsey & Company for five years prior to joining Tandberg. In 2013, Mr. Olsen cofounded Ubon Partners, an investment company focused on early stage companies in technology and financial services, and was a partner until December 2018. He is currently the CEO of Andenes Investments, a private investment company focusing on finance and technology, and sits on the board of various private portfolio companies such as Avida Finans, First Fondene AS, Molo Finance and Huma AS. He is also a director of Pexip ASA, a Norwegian technology company listed on the Oslo Stock Exchange. Olsen received a Master's of Economics from the Norwegian School of Economics and a Master of Business Administration from the University of California Los Angeles.
Brett Paschke joined PRA Group’s Board of Directors in 2020. Paschke is a partner and managing director at William Blair & Company, a leading global investment banking firm focused on serving high quality growth companies. He has led the Equity Capital Markets Group at William Blair since 2009. He currently leads the firm’s Public Company Investment Banking effort focused on serving William Blair’s public company management teams and boards through the value creation process by delivering the full spectrum of services, experts and resources of the firm. He is also Chairman of the firm’s Equity and Debt Commitment Committees, which determine which deals the firm underwrites. Paschke joined William Blair in 1997 and prior to his current roles he was Group Head for Business and Financial Services Investment Banking. Paschke earned a Bachelor of Arts in Politics from Princeton University and a Master of Business Administration from Harvard Business School.
Scott Tabakin was appointed as a Director in 2004. He was a Certified Public Accountant and has more than 20 years of public company experience. Currently an independent financial consultant, Tabakin served as Executive Vice President and Chief Financial Officer of Bravo Health, Inc., a privately owned managed health care company from July 2006 until the sale of the company in November 2010. From October 2003 until July 2006, Tabakin was an independent financial consultant. He served as Executive Vice President and Chief Financial Officer of AMERIGROUP Corporation, publicly traded managed health care company, from May 2001 until October 2003. Prior to May 2001, he was Executive Vice President and Chief Financial Officer of Beverly Enterprises, Inc., then the nation's largest publicly traded provider of long-term health care. Earlier in his career, Tabakin was an executive with the Accounting firm of Ernst & Young. He received a bachelor's degree in Accounting from the University of Illinois.
Peggy Turner joined PRA Group’s Board of Directors in June 2021. Ms. Turner currently serves as Vice President, Guest Retention of Toyota Motors North America. From 1991 to 2020, she held multiple positions with increasing responsibilities at Toyota Motors including Vice President, Lexus Customer Satisfaction and Vice President, Toyota Customer Relations. Ms. Turner is actively involved in Toyota Motors’ diversity, equity and inclusion ("DEI") initiatives, serving as the executive advisor to Social Innovation, a diversity and inclusion support member on the Diversity Advisory Board, and the Executive Sponsor of the Latino Employee Resource Group and representing Lexus at events such as the Women in Automotive Summit and Women Panel for New York Auto Show. Turner holds her M.B.A. from Loyola Marymount University and B.A. from University of California Irvine.
Lance Weaver was appointed as a Director in 2015. Weaver is an accomplished consumer financial services executive with nearly 40 years of experience across the consumer lending, mortgage and credit card asset classes. He has served as an advisor to financial services companies including VISA, Citigroup, Allied Properties and Apollo Capital, and was president, money cards for Virgin Money Holdings in the U.K. from 2013 to 2015. Before holding these positions, Weaver was president of EMEA Card Services for Bank of America, with approximately $30 billion in assets across Europe, Canada and China. He had previously served on the senior management team of MBNA Corporation for 15 years, where he helped build MBNA into the largest independent credit card lender in the world when it was acquired by Bank of America in 2006. His prior experience includes executive leadership roles with Citigroup, Wells Fargo and Maryland National Bank. Weaver earned a Bachelor of Arts degree in marketing from Georgetown University. He is a past member of the Georgetown University board of directors and board of trustees, and a past board chair of MasterCard.