British outsourcing company, Capita has appointed Patrick Butcher as its chief financial officer (CFO). He is expected to join Capita and company board at the end of the year, the company said in a statement on Wednesday (22).
Patrick Butcher has been serving as the finance chief of bus and train company Go-Ahead Group since 2016. Patrick has 19 years of experience as a finance director, including six years as Group Finance Director at Network Rail from 2009. His early career was spent at Deloitte & Touche, where he trained as a chartered accountant, and worked across its audit and management consultancy practices.
Further to the announcement on July 18, the board has agreed with Nick Greatorex that he will step down from the board and leave Capita on September 30, 2018.
“Patrick is joining Capita at an exciting time. We have de-levered the balance sheet, disposed of non-core assets, started to reduce costs and invest in the business. We are looking forward to adding Patrick’s new perspective, energy, and experience to support the good start we have made with our transformation programme and a new strategy, delivering the commitments we have made to all our stakeholders,” said Jonathan Lewis Chief Executive Officer at Capita commenting on the new appointment.
Capita delivers information technology led services to the public and private sectors. The company, this month recorded a 60 per cent fall in pre-tax profit during the first half.