Board of
Directors

PRA Investorroom

Board of Directors

  • Steve Fredrickson

    Steve Fredrickson has served as the Executive Chairman of PRA Group, Inc.’s Board of Directors since 2024. Fredrickson co-founded Portfolio Recovery Associates in 1996 and served as its President and CEO from founding, leading the company from a start-up with four employees to a publicly traded global leader in the nonperforming loan industry. Following PRA Group’s (Nasdaq: PRAA) initial public offering in 2002, Fredrickson held the role of Chairman and CEO until 2017. Fredrickson first served as Executive Chairman of the Board from 2017 to 2020, and the non-executive chair from 2020 to 2024.

    Prior to PRA Group, 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 serving as a member of the board of directors for the United Way of South Hampton Roads Foundation and St. Mary’s Home Foundation.

    He has a Master of Business Administration from the University of Illinois and a Bachelor of Science in Business Administration from the University of Denver.

  • Martin Sjolund

    Martin Sjolund is president and CEO of PRA Group, Inc., a global financial services company and trusted leader in the nonperforming loan industry. Through the purchase and collection of nonperforming loans, PRA Group companies return capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. 

    With more than 14 years of experience in the financial services industry and more than a decade at PRA Group, Sjolund’s business acumen and institutional knowledge – combined with his collaborative approach to leadership and commitment to culture – are integral to the company’s sustained performance. 

    Before becoming president and CEO, Sjolund served as president of PRA Group Europe since 2018, where he provided leadership across 15 markets in Europe, Canada and Australia. During his tenure, Sjolund oversaw nearly $3 billion of successful portfolio investments across Europe, all while significantly improving the profitability of the European business.

    He led the company’s expansion into two new markets, modernized information technology infrastructure and contact platforms, enhanced the data and analytics function and ultimately created one of Europe’s most cost-efficient debt buying and servicing platforms. 

    In November 2015, Sjolund was promoted to chief operating officer of Europe, after acting as European director of group strategy and corporate development for Aktiv Kapital from 2011 until PRA Group acquired the company in 2014. 

    Prior to joining Aktiv Kapital, Sjolund held positions of increasing responsibility with Cisco Systems, McKinsey & Company and Ericsson. Sjolund earned an MBA from the University of Chicago and graduated magna cum laude with a bachelor’s degree from Georgetown University. 

  • Adrian Butler

    Adrian Butler joined PRA Group’s Board of Directors on January 1, 2025. He has served as Chief Technology Officer for Footlocker, Inc. (NYSE: FL) since March 2023 and, in that capacity, is responsible for technology transformation and strategy, innovation, technology delivery, and cyber security. From 2020 to 2023, Butler served as Chief Information Officer (“CIO”) at Casey’s General Stores, Inc. (Nasdaq: CASY) where he also led the Digital (e-commerce and marketing), Loyalty and Data and Analytics business functions. From 2015 to 2020, he served as Senior Vice President of Information Technology and CIO for Dine Brands Global, Inc. (NYSE: DIN), the parent company to Applebee’s and IHOP restaurants. From 2011 to 2015. Butler served in roles of increasing responsibility at Target Corporation (NYSE: TGT), including as Vice President, Business Solutions Security. Butler began his information technology career in the United States Air Force – retiring after achieving the rank of Captain. He has served on the board of directors since 2019 for Potbelly Corporation (Nasdaq: PBPB), where he also serves on the audit committee; as a trustee since 2017 of Capella University, where he chairs the Learner Affairs Committee; and as a board member since March 2020 for Grambling State University Foundation. Butler holds a Bachelor of Science in Computer Science from Grambling State University, a Master of Business Administration from Embry Riddle University, and a Doctorate in Management from the University of Maryland Global Campus.

  • Marjorie Connelly

    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.

  • Dame Jayne-Anne Gadhia

    Ms. Gadhia joined PRA Group's Board of Directors in June 2024.  She founded the financial technology company Snoop in 2019 and served as its Executive Chair until July 2023 when she retired. She is a Chartered Accountant who began her career with Ernst & Young LLP and later joined Norwich Union (now Aviva) as a Senior Manager before founding Virgin Direct in 1995, which was acquired by the Royal Bank of Scotland (“RBS”) in 2001. She subsequently spent five years at RBS before returning to Virgin Money as CEO from 2007 to 2018. Following the sale of Virgin Money, Ms. Gadhia joined Salesforce as CEO – United Kingdom and Ireland from 2019 until 2020, when she joined Snoop full-time.

    Ms. Gadhia has served as Chair of the Boards of His Majesty’s Revenue & Customs since 2020, MoneyFarm, an online investment advisor and digital wealth management company, since 2022; and Ozone API since 2024. She has also served as Senior Advisor for Vanquis Banking Group PLC (LSE), which acquired Snoop, since 2023. Ms Gadhia was awarded Commander of the Order of the British Empire (“CBE”) in 2013 for her services to banking and the community, Dame CBE in 2019 for her services to the financial industry in general and women in the financial industry in particular and Commander of the Royal Victorian Order in 2022. She holds a Bachelor of Arts in History from the University of London.

  • Geir Olsen

    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

    Brett Paschke joined PRA Group’s Board of Directors in 2020. Mr. Paschke is Managing Partner of WinForest Partners, a private equity firm focused on investments in healthcare, technology and services. Before transitioning to a full-time role with WinForest in December 2023, he served as a Senior Director of Investment Banking for William Blair & Company, a leading global investment banking firm focused on serving high quality growth companies (“William Blair”) for 2023 and served as Vice Chair of Investment Banking at William Blair from 2021 to January 2023. Mr. Paschke joined William Blair in 1997 and served in roles of increasing responsibility, including leader of the Equity Capital Markets Group at William Blair from 2009 to 2020. Since 2021 Mr. Paschke has served on the board of directors and audit committee for Duluth Holdings Inc. (NASDAQ) and as Managing Partner at WinForest Partners.

  • Scott Tabakin

    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

    Peggy Turner joined PRA Group’s Board of Directors in June 2021.  Ms. Turner served as Vice President and Executive Advisor of the Social Innovation Department of Toyota Motors North America (“Toyota Motors”) from January 2022 until her retirement in July 2023. From 1991 to 2022, she held multiple positions with increasing responsibilities at Toyota Motors including Vice President, Lexus Guest Relations and Loyalty, Vice President, Lexus Customer Satisfaction and Vice President, Toyota Customer Relations. Ms. Turner holds her M.B.A. from Loyola Marymount University and B.A. from University of California Irvine. 

  • Lance Weaver

    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.