Directorate Change

Capita Board Update

Capita plc (Capita), a leading UK provider of technology-enabled business process and customer management services, today announces that its Chief Executive, Andy Parker, is to step down from the Group Board and leave the Company later this year, to pursue the next phase of his career once a process to select a successor has been completed. Andy has contributed strongly to the Company over the last 16 years and played a key role in leading Capita, as Chief Executive, for the past three years and through the challenges of 2016. The Board is commencing a process to select a new CEO and, in the meantime, Andy will continue in his current role and at the appropriate time facilitate a smooth transition.

Sir Ian Powell, Chairman, said:

"In the short time I have been a member of the Capita Board and in my role as Chairman since 1 January 2017, I have worked closely with Andy. He has made a significant contribution throughout his career at Capita and been instrumental in building the software, technology, and digital capabilities of the Company. In addition, under Andy’s tenure, Capita has recently moved into the customer management market in Germany and Switzerland.  Andy’s dedication to the Company remains strong and he will actively support the Board in the process to identify a successor."

Andy Parker, Chief Executive said:

"It is a huge privilege to lead all the talented, hardworking, and enthusiastic people at Capita. The Group's past and continued success is due to their efforts and commitment. 2016 has been a difficult year for Capita but the Company is now a simpler, more focussed group with a clear service offering and growth strategy, and a plan to achieve a stronger balance sheet. We have achieved a great deal but going forward it is time for a new leader to take Capita through the next steps to renewed and sustainable organic growth.”

-ends-

Notes for Announcement:

1. Details of Andy Parker’s remuneration arrangements will be disclosed on the Company’s website in accordance with the Companies Act 2006 in due course.

2. Capita also announces its 2016 Final Results Statement today.

Capita plc	Tel: [phone]
Shona Nichols, Executive Director Corporate Communications
Andrew Ripper, Head of Investor Relations
Capita press office	Tel: [phone]
Powerscourt	Tel: [phone]
Victoria Palmer-Moore
Peter Ogden
Andy Jones

About Capita

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), with 2016 underlying revenue of £4.9 billion. Further information on Capita can be found at: http://www.capita.com