PRA Group, Inc. announced that its board of directors has elected longtime board member Vikram (Vik) Atal as its president, effective immediately. Mr. Atal replaces Kevin Stevenson, who has served as president and CEO since 2017 and is leaving the company. Mr. Atal joined PRA Group's board in 2015 and served on the audit committee and as chair of the risk committee.

Over his 27-year career at Citigroup, he led the North America card franchise, with 30,000 employees and 60 million customers, to record results amidst a changing regulatory landscape. As the vice-chair of Citigroup's worldwide credit card franchise, he oversaw operations spanning 50 countries and a team that successfully managed $200 billion of high- risk consumer assets during the 2008 financial crisis. 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.Mr. Atal holds degrees in economics and finance from the London School of Economics and mathematics from St.

Stephens College in India. He has lived and worked extensively in Europe, Asia and Latin America as well as the U.S. and willrelocate to Norfolk from his current home in New York City.