Southern Cross disposes of FD role
No role for FD David Smith at restructured care home operator, a company statement says
CARE HOME OPERATOR Southern Cross has announced under its restructuring plans that it will no longer have a role for its finance director David Smith.
The care home operator called in restructuring professionals earlier this year after government spending cuts hit the company hard.
Smith joined at the end of last year after the company’s FD Richard Midmer decided to concentrate his efforts on negotiating with landlords.
At the conclusion of the current restructuring plans a statement from the company said Southern Cross would no longer have a role for an FD but expects Smith to take up a FD position at HC-One which is due to operate and run more than 250 of the care homes.
Jamie Buchan, CEO said: “David showed great courage when stepping into his current role under hugely challenging circumstances earlier this year. Since that time he has displayed immense fortitude and has performed in an exemplary manner. I am pleased to learn that he plans to continue his career with HC-One, once the transition programme has been completed.”