Outsourcing giant Capita has seen its shares fall by nearly 2 percent following the departure of CEO Paul Pindar.

The fall in share value comes despite the company’s announcements of having won £2.9 billion worth of new contracts and a statement from the company saying that it was on course to deliver "strong growth" over this year and the next with a predicted 8 per cent growth over 2013.

New contracts include work with UK public sector departments including the Department of Energy and Climate Change, the Ministry of Justice and the Cabinet Office. The outsourcing firm has also secured contracts in the private sector, with Carphone Warehouse and Telefonica.

Mr Pindar’s position is being taken over by deputy chief executive Andy Parker.

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