Paul Richard Martin Pindar (born 11 April 1959) is an English businessman. He is best known for his 23-year tenure as managing director and chief executive of Capita plc, a provider of business process outsourcing (BPO) services in the UK.
Pindar trained as a chartered accountant with Coopers & Lybrand, qualifying in 1984, before joining private equity firm 3i as investment controller.
Capitaedit
Pindar joined Capita in 1987, initially as finance director, then managing director in 1991, and chief executive in 1999.[1] He was the third-longest serving FTSE 100 CEO after Martin Sorrell and Aidan Heavey when he stood down in 2014.[2][3]
He joined the business after advising on the £330,000 management buyout (MBO) while working for 3i. When he joined Capita, it had 33 employees and revenues of £1.3 million. The company was subsequently floated on the USM in 1989 with a market capitalisation of £8 million.[4] Since this IPO Capita has been the best performing UK share.[5]
On 18 November 2013, Pindar announced that he would be stepping down from his role at the end of February 2014 to focus on opportunities within private equity.[6] When he left the business in February 2014, Capita had more than 62,000 employees and a market capitalisation of £7.5 billion.[7]
Other activitiesedit
Pindar was a non-executive director of retailer Debenhams plc from 2006 to 2010 and in July 2012 he was appointed non-executive chairman of Integrated Dental Holdings (IDH), the largest chain of dental practices in the UK with over 500 surgeries, backed by Carlyle Group.[8]
Following his departure from Capita in February 2014, Pindar became chairman of Independent Clinical Services (ICS) in June 2014 following its acquisition by TowerBrook from Blackstone.[9] He has also invested and joined the board of a number of smaller businesses. He backed the MBO of International Travel Connections (ITC), a luxury travel business, and became chairman in August 2014.[10]
He was also an early investor in Purplebricks,[11] a start-up online estate agency. He introduced the business to Neil Woodford who led two rounds of fundraising prior to an IPO of the business in December 2015.[12] The IPO was just 19 months after the launch of the business and valued it at £240m, raising £58m from institutional investors.[13] Pindar became non-executive chairman upon the IPO, moving from his existing NED role with the business.
Previously he has also been chairman of the NSPCC's Corporate Development Board (2004–2007) before becoming chairman of Great Ormond Street Hospital's Corporate Partnerships Board (2008–2012).
Pindar is currently a member of TowerBrook Capital Partners' senior advisory board.[14]
Referencesedit
^. Bloomberg BusinessWeek. Archived from the original on 24 September 2012. Retrieved 16 November 2012.
^"The Guardian: FTSE Survivors of the Decade". The Guardian. 30 December 2009.
^"The Telegraph: 'Shoot me' if I do another big chief executive's job, says departing Capita boss Paul Pindar". The Daily Telegraph. 18 November 2013.
^"Software Analysis: CEO interview". 8 November 1999.
paul, pindar, businessman, paul, richard, martin, pindar, born, april, 1959, english, businessman, best, known, year, tenure, managing, director, chief, executive, capita, provider, business, process, outsourcing, services, paul, pindarborn, 1959, april, 1959,. Paul Richard Martin Pindar born 11 April 1959 is an English businessman He is best known for his 23 year tenure as managing director and chief executive of Capita plc a provider of business process outsourcing BPO services in the UK Paul PindarBorn 1959 04 11 11 April 1959 age 64 NationalityBritishEducationRanelagh School BracknellAlma materSwansea UniversityOccupationBusinessmanYears active1984 presentTitleformer CEO Capita plcTerm1999 2014SuccessorAndy ParkerSpouseSharon PindarChildren2 Contents 1 Career 1 1 Capita 1 2 Other activities 2 ReferencesCareer editPindar trained as a chartered accountant with Coopers amp Lybrand qualifying in 1984 before joining private equity firm 3i as investment controller Capita edit Pindar joined Capita in 1987 initially as finance director then managing director in 1991 and chief executive in 1999 1 He was the third longest serving FTSE 100 CEO after Martin Sorrell and Aidan Heavey when he stood down in 2014 2 3 He joined the business after advising on the 330 000 management buyout MBO while working for 3i When he joined Capita it had 33 employees and revenues of 1 3 million The company was subsequently floated on the USM in 1989 with a market capitalisation of 8 million 4 Since this IPO Capita has been the best performing UK share 5 On 18 November 2013 Pindar announced that he would be stepping down from his role at the end of February 2014 to focus on opportunities within private equity 6 When he left the business in February 2014 Capita had more than 62 000 employees and a market capitalisation of 7 5 billion 7 Other activities edit Pindar was a non executive director of retailer Debenhams plc from 2006 to 2010 and in July 2012 he was appointed non executive chairman of Integrated Dental Holdings IDH the largest chain of dental practices in the UK with over 500 surgeries backed by Carlyle Group 8 Following his departure from Capita in February 2014 Pindar became chairman of Independent Clinical Services ICS in June 2014 following its acquisition by TowerBrook from Blackstone 9 He has also invested and joined the board of a number of smaller businesses He backed the MBO of International Travel Connections ITC a luxury travel business and became chairman in August 2014 10 He was also an early investor in Purplebricks 11 a start up online estate agency He introduced the business to Neil Woodford who led two rounds of fundraising prior to an IPO of the business in December 2015 12 The IPO was just 19 months after the launch of the business and valued it at 240m raising 58m from institutional investors 13 Pindar became non executive chairman upon the IPO moving from his existing NED role with the business Previously he has also been chairman of the NSPCC s Corporate Development Board 2004 2007 before becoming chairman of Great Ormond Street Hospital s Corporate Partnerships Board 2008 2012 Pindar is currently a member of TowerBrook Capital Partners senior advisory board 14 References edit Paul R M Pindar Executive Profile Bloomberg BusinessWeek Archived from the original on 24 September 2012 Retrieved 16 November 2012 The Guardian FTSE Survivors of the Decade The Guardian 30 December 2009 The Telegraph Shoot me if I do another big chief executive s job says departing Capita boss Paul Pindar The Daily Telegraph 18 November 2013 Software Analysis CEO interview 8 November 1999 Computer World UK Paul Pindar steps down as Capita chief The Daily Telegraph 18 November 2013 Retrieved 18 November 2013 Paul Pindar the man who took the r out of Capita The Daily Telegraph 18 November 2013 Retrieved 4 June 2014 IDH Press Release IDH appoint new Chairman Archived from the original on 17 December 2012 Unquote TowerBrook picks up Blackstone s ICS 9 June 2014 ITC MBO Takes Deal of the Month Dotcom estate agent to shake up property industry 15 March 2014 Management Today Star Investor Neil Woodford Has Just Bet 7m On Online Estate Agent Purplebricks Woodford backed Purplebricks heads for Aim IPO Towerbrook Our Team Archived from the original on 27 May 2013 Retrieved from https en wikipedia org w index php title Paul Pindar businessman amp oldid 1195362933, wikipedia, wiki, book, books, library,
