Capita announces board change

Rod has led the company since its foundation in 1984. He has provided strong leadership, firmly establishing the company as the leader in the UK outsourcing market.

Speaking of his decision, Rod said: “As founder and Chairman of Capita, I have always seen it as my role to ensure that the Group enjoys the highest possible standing and operates with total integrity.

“At present, the Group’s reputation is being questioned because of my personal decision to lend money to the Labour Party. As I have made clear, this was entirely my own decision as an individual, made in good faith as a long standing supporter of the Party. There have been suggestions that this loan has resulted in the Group being awarded government contracts. This is entirely spurious. Whilst anyone who is associated with the public procurement process would understand that this view has no credibility, I do not want this misconception to continue, as I remain passionate about the Group’s wellbeing.

“I have therefore decided to relinquish immediately my role as Executive Chairman and have agreed with my Board colleagues that I will serve as Non–Executive Chairman until our interim results announcement in July. At that time, I will retire from the Board to enable me to dedicate my time to pursuing my interests in the field of education and creating opportunities for young people both through my work in the voluntary sector and my Charitable Trust.

“Capita’s preliminary results statement issued on 23 February reported that the Group is in a very strong financial position and has enjoyed its most successful year yet in this its 21st corporate year. I have every confidence that the team at Capita will continue to go from strength to strength. I am proud of the contribution I have made to the Group over this period and of the role I have played in developing our industry.”

On behalf of the Capita Board, Chief Executive, Paul Pindar said: “Rod has played a key role in establishing Capita as the leading service transformation partner to both public and private organisations across the UK. His dedication to improving the efficiency and quality of services in the UK is immense. We are sure Rod will enjoy similar successes as he focuses on his other interests. He has been a supportive and inspirational colleague and friend and the entire Board extends its thanks to him. We wish him every success in the future.”

For further information please visit our group site www.capita.co.uk.