Capita's COO to take on enlarged role
Outsourcing group Capita has piled more on to Andy Parker's plate by announcing that the Chief Operating Officer (COO) is to additionally take on the role of Deputy Chief Executive Officer (CEO) from the start of June.
Outsourcing group Capita has piled more on to Andy Parker's plate by announcing that the Chief Operating Officer (COO) is to additionally take on the role of Deputy Chief Executive Officer (CEO) from the start of June.
Parker, a chartered accountant who joined Capita in 2011 and was appointed to the board in 2011, will continue in his current role as joint COO with Vic Gysin, who both report to CEO Paul Pindar.
As joint COO, he oversees the majority of Capital's non-financial services operations. The group said that he has experience within the majority of divisions and has been "instrumental" in developing its presence in additional markets such as health, justice and the emergency services.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Capita said that the added responsibility will help Parker to more directly support Pindar.
"This new enlarged role recognises Andy's depth of skills and experience and his valued contribution to Capita's success," Pindar said.
"Andy has played a key role in enhancing the operational strength of the company and in broadening our capability through identifying and successfully integrating a number of key acquisitions."
The shake-up comes a week after Capita was selected by network provider O2 for a 10-year strategic partnership worth £1.2bn. The firm is to run and manage O2's customer services centres and support O2 as it enhances and expands its digital services.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”