Board of Directors

  • Steve Fredrickson

    Steve Fredrickson, has served as the Company’s Executive Chairman since June 2017 and was Chairman and CEO from 2002 until his current role. He also served as the Company’s President from 2002 to August 2015. Prior to co-founding the Company in 1996 with Kevin Stevenson, Fredrickson held various leadership roles with Household Recovery Services’ (“HRSC”) Portfolio Services and Household Commercial Financial Services groups and specialized in corporate and real estate workouts at Continental Bank of Chicago. Fredrickson is a member of the board of directors for the United Way of South Hampton Roads and the St. Mary’s Home Foundation. He is also on the executive advisory council of the Strome College of Business at Old Dominion University and a Trustee of the Eastern Virginia Medical School Foundation.

  • Kevin Stevenson

    Kevin Stevenson has served as the Company’s president and chief executive officer since June 2017. From August 2015 to June 2017, Stevenson served as the Company’s president and chief administrative officer and from 2002 to August 2015, as the Company’s executive vice president, chief financial and administrative officer, treasurer and assistant secretary. Prior to co-founding PRA Group with Steve Fredrickson in 1996, Stevenson held various positions with HRSC, including controller, and Household Bank, where he served as the controller of a regional processing center and also managed the collections, technology, research and ATM departments. While at Household Bank, he participated in numerous bank and branch acquisitions as well as divestitures. Stevenson holds a B.S. of Accounting from The Ohio State University, and is a certified public accountant. He currently serves on the boards of the Greater Norfolk Corporation, The Sandler Center for the Performing Arts and the Judeo-Christian Outreach Center in Virginia Beach.

  • Vikram Atal

    Vikram Atal was appointed as a Director in 2015. Atal served in executive roles with Citigroup, Inc. for 27 years. From 2008 to 2013 he was an executive vice president for Citigroup's global consumer bank, where he had responsibility for shaping Citi as an information-centric enterprise, leveraging analytics and data to drive growth, and oversaw loss mitigation efforts against Citi's high-risk consumer portfolio through the financial crisis. From 2005 to 2008 he served as chairman and chief executive officer for Citi Cards' branded and retail partner cards franchise in North America, which had revenues of $18 billion and more than 60 million customers. His previous roles with Citigroup included leadership of partnership programs for Citi Cards, chief financial officer of Citi's U.S. cards franchise, and overseeing SEC, regulatory and business financial reporting for Citicorp. 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.

  • Marjorie Connelly

    Marjorie Connelly was appointed as a Director on January 1, 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

    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.

  • Penelope Kyle

    Penelope W. Kyle has been a director of the Company since 2005.  She has been President Emeritus of Radford University since July 2016, when she retired after serving more than 11 years as the first female President of the University. Prior to her appointment as President of Radford University on June 1, 2005, she served as the first female Executive Director of the Virginia Lottery, having been appointed to that position by three successive Virginia governors. Ms. Kyle is an attorney who began her legal career at the law firm of McGuireWoods LLP. She was later employed by CSX Corporation, a publicly traded company, for 13 years in a variety of legal and executive positions, and became the company’s first female officer. Ms. Kyle served two terms as a member of the Fulbright Foundation (Canada) board, was a member of the National Collegiate Athletic Association’s Presidents Council and currently serves as a member of the Knight Commission on Intercollegiate Athletics. She has also served on the boards of several private institutions and public universities. Ms. Kyle previously served as a director of Cornerstone Realty Income Trust, Inc. (NYSE), where she was a member of the compensation committee and chair of the audit committee.

  • James Nussle

    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

    Geir Olsen served as chief executive officer, PRA Group Europe until January 29, 2016, at which time he became a member of the Company's board of directors. He joined PRA in 2014 from Aktiv Kapital, a leader in acquiring and servicing non-performing consumer debt throughout Europe and Canada, where he was chief executive officer and a board member since 2011. Prior to Aktiv Kapital, 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. Currently, Olsen is a partner at Ubon Partners, an investment company focused on early stage companies in technology and financial services that he cofounded in 2013, and is Chairman of Avida Finans, a consumer and small and medium enterprises (SME) credit provider in the Nordic region. He previously served on the board of Acano Ltd, a technology company based in the U.K., prior to its acquisition by Cisco. Olsen holds a master’s degree from the Norwegian School of Economics and Business Administration.

  • 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.

  • 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.