Capita PLC Resignation of Patrick Butcher

 
TIDMCPI 
 
This announcement contains inside information 
 
Capita plc 
 
LEI number: CMIGEWPLHL4M7ZV0IZ88 
 
16 November 2020 
 
Resignation of Patrick Butcher 
 
 
Capita plc ("Capita") today announces that Patrick Butcher has decided to step 
down from his position as Chief Financial Officer (CFO) and Executive Director 
to pursue other opportunities. 
 
To ensure continuity and effective ongoing leadership, the Board has appointed 
Gordon Boyd to take over as interim CFO and Executive Director. 
 
Patrick steps down from the Board on 16 November 2020 and Gordon joins the 
Board on the same date. 
 
Patrick will assist Gordon in an orderly handover and will remain employed to 
support Gordon and the company until the end of March 2021. 
 
A process is now underway to identify and appoint a permanent successor as CFO; 
a further announcement will be made in due course. 
 
Jon Lewis, Chief Executive Officer, said: 
 
"I want to thank Patrick for his commitment and support in the delivery of 
significant improvements over the past two years, especially as we have 
continued to navigate the challenges and uncertainties brought on by the 
Covid-19 crisis. I and the rest of the senior leadership team wish him well as 
he looks to fresh challenges. 
 
"I am delighted that Gordon is joining us as interim Chief Financial Officer. 
He brings significant experience of working in companies going through a period 
of change. Gordon will play a crucial role in our ongoing transformation at 
Capita." 
 
Patrick Butcher said: 
 
"It has been a privilege to be at the centre of an organisation which touches 
the lives of millions of people every day by delivering essential services and 
solutions. I wish Jon and the rest of the senior leadership team all the best 
for the future." 
 
 
Gordon Boyd said: 
 
"I am excited to be joining Capita and very much looking forward to working 
with Jon, his leadership team and the thousands of colleagues across the 
company to help create a focused, sustainable business for the long term." 
 
The Company's outlook is unchanged from that outlined in the Group trading 
update of 10 November 2020. 
 
There is no further information required to be disclosed relating to Gordon 
Boyd pursuant to Listing Rule 9.6.13. 
 
Details of remuneration will be disclosed in Capita's Annual Report and 
Accounts, when finalised, and available on Capita's website. 
 
Announcement authorised for release by Francesca Todd, Group Company Secretary. 
 
Notes to editors: 
 
Patrick Butcher took up his post as Chief Financial Officer at the end of 2018 
and was formally appointed as a director on 1 January 2019. He will receive 
current salary and contractual benefits (including pension) up to 31 March 
2021. Outstanding awards held under the Company's long-term incentive plan are 
expected to lapse on 31 March 2021 in accordance with the scheme rules. 
 
Gordon Boyd has more than 30 years' experience at major businesses, including 
as CFO of FTSE 250 companies. He has significant experience of leading 
transformation at businesses including Drax, Infinis and British Energy. He is 
a graduate of Edinburgh University, and holds accountancy and treasury 
qualifications. 
 
For more information please contact: 
 
Investor enquiries 
Stuart Morgan 
Director of Investor Relations 
Tel: [phone] 
Email: [e-mail] 
 
Media enquiries 
Capita external communications 
Tel: [phone] 
Email: [e-mail] 
 
 
Capita is a consulting, transformation and digital services business. Every day 
our 61,000 colleagues help millions of people, by delivering innovative 
solutions to transform and simplify the connections between businesses and 
customers, governments and citizens. We partner with clients and provide the 
insight and cutting-edge technologies that give time back, allowing them to 
focus on what they do best and making people's lives easier and simpler. We 
operate in the UK, Europe, India and South Africa - and across six divisions: 
Customer Management; Government Services; People Solutions; Software; 
Specialist Services; and Technology Solutions. 
 
Capita is quoted on the London Stock Exchange (CPI.L). 
 
Further information can be found at: http://www.capita.com 
 
ENDS 
 
 
 
END 
 

(END) Dow Jones Newswires

November 16, 2020 04:00 ET (09:00 GMT)