Capita plc announced that Tim Weller, Chief Financial Officer ('CFO'), has informed the Board of his intention to retire from the Company in August 2024. The Board also announced that, following a thorough search process, Pablo Andres, who has been the CFO of Ventient Energy S.à r.l. for the last three years, has been selected to succeed Tim as CFO. Pablo will join Capita on 15 July 2024.

Tim joined Capita in May 2021 and played a key role in working with the then Chief Executive, Jon Lewis, in the latter stages of his leadership of the Group. Since January this year, Tim has supported Adolfo Hernandez as Chief Executive and will continue to do so through the Group's Capital Markets Event on 13 June 2024 and interim results in August 2024. Pablo Andres has widespread experience as a senior finance leader in a variety of organizations in adjacent industries.

Since November 2020, Pablo has been Group CFO of Ventient Energy S.à r.l. Prior to Ventient, Pablo was Group Financial Controller of G4S plc from 2013-2020 and CFO of London Stansted Airport from 2011 to 2013. He has also held senior finance roles at BAA, Ferrovial, and Deloitte. Pablo is currently a Non-Executive Director and Chair of the Audit and Risk Committee of the GreenSquareAccord Group.

The Company can confirm that Tim will step down as a director on 9 August 2024 at which date Pablo will succeed Tim as CFO. Pablo will be appointed as a director and CFO designate on 15 July 2024, the date he joins Capita.