Capita names new CFO

Business process services group Capita revealed on Thursday chief financial officer Tim Weller has signalled his intention to retire from the company in August.

Weller, who took on the role in May 2021, will be succeeded by Ventient Energy CFO Pablo Andres, who will join the group on 15 July.

Chairman David Lowden said: "On behalf of the board and the entire company, I would like extend my heartfelt gratitude to Tim for his dedicated service and leadership over the past three years. Tim has played an important role during this period of significant change in the organisation.

"I am delighted that Pablo will be joining Capita as the new CFO. Pablo has extensive experience operating as a senior finance executive across a range of sectors with companies directly comparable with Capita. He is highly experienced in driving change in complex businesses and has delivered significant cost savings, streamlined organisation structures and enhanced processes and systems. He has the right skillset and drive to support Adolfo in leading the next chapter of Capita.”

As of 0935 BST, Capita shares were up 0.63% at 13.28p.

Reporting by Iain Gilbert at Sharecast.com