October 10, 2017 - 2:00 AM EDT
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Capita plc - Capita appoints Jonathan Lewis as new CEO

Capita appoints Jonathan Lewis as new CEO

Capita plc (“Capita”) is pleased to announce the appointment of Jonathan (Jon) Lewis as Chief Executive Officer (CEO) with effect from 1 December 2017, at which point he will also join the Capita Board. Nick Greatorex, Group Finance Director, will continue to lead the Company as Interim Chief Executive until 30 November 2017.

Jon brings a wide range of executive and leadership expertise to Capita, with proven experience in technology-enabled services businesses, and a track record of delivering value from strategic business transformations. His most recent role was as Chief Executive of Amec Foster Wheeler until its acquisition by John Wood Group.

Ian Powell, Chairman of Capita said:

“Jon is a proven, successful business leader with the ideal blend of experience to lead the transformation of Capita. He brings strategic vision and a strong track record throughout his career of growing high value, technology-enabled services businesses through securing and developing major client relationships in both the private and public sectors. Jon's business and leadership experience combined with an inspirational, collegiate style make him a great fit for Capita. He shares my enthusiasm for the business and has the drive, ambition and ability to lead Capita to a successful future.”

Jon Lewis said:

“Capita’s leaders built a remarkable track record over some 30 years, creating one of the UK’s great growth businesses. Capita continues to have tremendous potential given its strong long term client relationships, outstanding talent, valuable technology portfolio and leading market position. I have spent my career innovating and deploying services to enable customers to have smarter processes and create more efficient organisations, and that is Capita’s central proposition. I believe there is a real opportunity to build a truly world class technology-enabled services business from Capita’s embedded foundations. There is work to do to complete the transformation of Capita and I am determined to make the business and its value propositions stronger for our employees, customers and shareholders, and return this great Company to growth.”

Jon Lewis joined Amec Foster Wheeler in 2016, following a 20-year career at leading, technology-based, oilfield services company Halliburton, which included 10 years working in, then running, the Landmark software business, a leading technology solutions provider of data management and analytics, science, software, and consulting services for the international oil and gas exploration and production industry. Jon’s strategy role at Landmark included working with customers to define a vision for the role of digital solutions in driving productivity, including early adoption of leading edge technologies, including real-time data telemetrics, immersive visualisation, big data and SaaS.

In his early career, Jon held a number of senior academic positions at both the Royal School of Mines, Imperial College London (NERC Research Fellow) and Heriot Watt University, where he developed and managed a successful commercial, contract research business primarily for the international petroleum sector.

- Ends -

For further information:

Capita plc

Tel: 020 7799 1525

Shona Nichols, Executive Director, Corporate Communications

Andrew Ripper, Head of Investor Relations

Media enquiries

Capita Press Office Tel: 020 7654 2399

Powerscourt Tel: 020 7250 1446

[email protected]

Victoria Palmer-Moore, Peter Ogden and Andy Jones

This announcement contains inside information that qualified, or may have qualified, as inside information for the purposes of Article 17 of the Market Abuse Regulation (EU) 596/2014 (MAR). For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Shona Nichols, Executive Director, Corporate Communications, for Capita plc.

Notes:

  1. Jon Lewis joins Capita from Amec Foster Wheeler where he was Group CEO from 2016 until the successful sale of the business to the John Wood Group.

    Before joining Amec Foster Wheeler, Jon had a 20 year career at leading, technology-based, oilfield services company, Halliburton. He held a number of senior positions including SVP, Global Completion and Production Division and Member of the Executive Committee where he was responsible for six products service lines with $21billion in revenues and 44,000 employees, and SVP, Europe/Sub-Saharan Africa where he was responsible for all aspects of Halliburton’s business in the geography, the company’s largest operating region outside North America.

    From 1996-2006, Jon held a number of senior roles at Landmark Graphics, an innovative, B2B, software technology and consulting services company, wholly owned by Halliburton with 5,000 employees. This culminated in running the software business as VP, Innovation and Marketing, Landmark Division (Texas), where he was responsible for the Landmark Division’s strategy, research and development, innovation, intellectual property, marketing, IT company strategic partnerships, M&A and solution commercialization.

    Prior to his commercial career, Jon spent a number of years in academia. He was awarded the NERC post-doctoral grant for research on reservoir characterization while at the Royal School of Mines, Imperial College of Science, Technology and Medicine where he established and grew a commercial research group undertaking studies for British Petroleum, Conoco, Shell and Statoil (1987-90). From 1990-96 Jon was Principle Investigator and Conoco Lecturer, Petroleum Geology at Heriot Watt University, where he developed and managed a multi-million dollar commercial research contract portfolio.

    Jon holds a PhD (Geology/Sedimentology) from Reading University and graduated from Kingston University in 1984 with a BSc in Geology. He is married with two children.

  2. As CEO of Capita, Jon will receive an annual salary of £725,000 (which shall not be reviewed until the last quarter of 2020 with any increase effective as of 1 January 2021) and a pension allowance of 5% of salary. John will also be eligible to participate in the Company’s annual bonus plan up to a maximum of 200% of salary, and the long-term incentive plan up to 300% of salary. All remuneration arrangements are consistent with the terms of the Directors’ Remuneration Policy approved by shareholders at the AGM in June 2017.

  3. Jon’s past directorships: CEO of Amec Foster Wheeler (2016-2017); Non-executive director of CHC Group Ltd (2013-2016).

  4. In accordance with the Listing Rules, there are no additional matters that would require disclosure under LR 9.6.13 in relation to this appointment.

  5. Capita is a leading UK provider of technology enabled customer and business process services and integrated professional support services. With 73,000 people at over 450 sites, including 98 business centres across the UK, Europe, India and South Africa, Capita uses its expertise, infrastructure and scale benefits to transform its clients' services, driving down costs and adding value. Capita is quoted on the London Stock Exchange (CPI.L). Further information on Capita can be found at: www.capita.com LEI no. CMIGEWPLHL4M7ZV0IZ88.


Source: PR Newswire (October 10, 2017 - 2:00 AM EDT)

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