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.