JOHANNESBURG, April 1, 2025 /PRNewswire/ -- Arctech, the world's leading solar tracking, racking and energy storage solutions provider, concluded its participation in Solar&Storage Live Africa 2025, held from March 25–27 in Johannesburg, South Africa.
Arctech's Innovative Solar Portfolio Based on Tracker+ and Green Power+ Platforms Shine at Arctech booth
Arctech's booth highlighted three flagship products designed to maximize energy efficiency and sustainability:
MEA Managing Director Vivian Fang Delivered a Keynote Speech
On March 26, Vivian Fang, Managing Director for the MEA region at Arctech, delivered a keynote speech titled "Tackling Africa's Energy Challenges and Arctech's Role in Shaping the Future of Renewable Energy." During the session, Vivian emphasized the growing demand in the region for reliable, resilient, and high-efficiency solar energy solutions, especially in response to South Africa's ongoing load shedding challenges and the broader energy access issues across Sub-Saharan Africa. She also highlighted that"Africa's energy transformation requires solutions that are not only cost-effective but also culturally and environmentally adaptive. Through collaboration with local stakeholders, we strive to build resilient energy ecosystems that empower communities."
Strengthening Clean Energy Footprint in the MEA Region
Arctech's presence in the exhibition underscores its strong commitment to the continent's sustainable development. The company has completed numerous key projects across various African countries, including Egypt, Tunisia, Morocco, Uganda, Burkina Faso, Namibia, Chad, Congo, Ghana, Malawi and Comoros.
Since entering the MEA market in 2017, Arctech has accumulated a portfolio exceeding 10 GW within the region. To enhance its local service, Arctech has established local offices in the UAE, Saudi Arabia, and South Africa, as well as built a factory in Jeddah with an annual capacity of 3 GW. Supplemented by Arctech's global supply chain system, the company will possess a delivery capability of up to 10 GW in the MEA market.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Arctech Lights Up Africa's Energy Future with Game-Changing Solar Solutions at Solar&Storage Live Africa 2025
Martin Sjolund appointed President and Chief Executive Officer, effective June 17, 2025
Vikram Atal to serve as senior advisor through December 31, 2025
NORFOLK, Va., April 8, 2025 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that its Board of Directors has appointed President of PRA Group Europe Martin Sjolund to serve as President and Chief Executive Officer (CEO), effective June 17, 2025. Sjolund succeeds current President and CEO Vikram Atal, who announced that he will retire and serve as a senior advisor through December 31, 2025. Sjolund will be appointed to the Board upon assuming the role of President and CEO, and Atal will retire from the Board at that time.
"On behalf of the Board, I want to thank Vik for his leadership of PRA Group during a pivotal time," said Executive Chair of the Board Steve Fredrickson. "Today's announcement is the culmination of the Board's ongoing succession planning process and commitment to enabling long-term, profitable growth."
"It has been a privilege to lead PRA Group through this transformative time in the company's history," said Atal. "Since March 2023, I have worked closely with Martin, and I am highly confident in his ability to further strengthen our global leadership position. His strong track record in our European business, extensive industry knowledge, thoughtful leadership and commitment to our culture and customers will build on our strengths and create meaningful value for our shareholders in the years to come."
"I am honored to have the opportunity to lead PRA Group as we enter our next phase of growth," said Sjolund. "As a team, we have already achieved record global portfolio purchases and double-digit cash growth, expanded our leadership team, improved operational processes and strengthened our capital structure. These actions have positioned us to continue driving the company forward while delivering value to our shareholders."
About Martin Sjolund
Sjolund has served as President of PRA Group Europe since 2018, providing leadership across 15 markets in Europe, Canada and Australia. During his tenure, Sjolund oversaw nearly $3 billion of successful portfolio investments across Europe, all while significantly improving the profitability of the European business. He led our expansion into two new markets, modernized the IT infrastructure and contact platforms, enhanced the data and analytics function and ultimately created one of Europe's most cost-efficient debt buying platforms.
Before being promoted to his current role, Sjolund served as Chief Operating Officer of Europe from 2015 until 2018. He was previously Director of Group Strategy and Corporate Development (Europe), a position he also held at Aktiv Kapital from 2011 until PRA Group acquired Aktiv Kapital in 2014.
Prior to joining Aktiv Kapital, Sjolund held leadership positions in global technology companies and was a management consultant with McKinsey & Company in Singapore and London. Sjolund holds an MBA from the University of Chicago and is a graduate of Georgetown University.
About PRA Group
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.
News Media Contact:
Elizabeth Kersey
Senior Vice President, Communications and Public Policy
(757) 641-0558
Elizabeth.Kersey@PRAGroup.com
Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
PRA Group Announces Leadership Succession Plan
