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Midlands association shakes up executive team as finance chief leaves after 18 months
A 34,000-home housing association is shaking up its executive structure with its finance boss leaving after a year-and-a-half in the job.
Birmingham-based Midland Heart has revealed that Anna Simpson, executive director of finance and resources, will leave the organisation next month. In a statement on the changes, the landlord said she had decided to “take some time out”.
It comes after the association revealed it had secured a £60m finance deal with Japanese bank Sumitomo Mitsui Banking Corporation.
Ms Simpson joined Midland Heart in November 2018 from Grand Union Housing Group, where she spent two-and-a-half years as finance director.
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Midland Heart, which owns and manages homes across the Midlands, said it was implementing the changes to create a “leaner” top team.
Among the changes, Joe Reeves, currently executive director of strategy and growth, will become executive director of finance and growth.
Baljinder Kang, executive director of people services, will add IT to her portfolio. And David Taylor will continue in his role as executive director of operations, the group said.
Glenn Harris, chief executive of Midland Heart, said: “We‘ve taken this opportunity to look again at how our organisation is structured, to ensure the teams who work most closely together now sit within the same directorates going forward.”
Under the landlord’s current plans, it is aiming to build 3,000 new affordable homes and invest £100m in its housing stock.
In its last full year, Midland Heart reported an 11% rise in surplus to £52.9m off a revenue of £219.3m.
In January, it emerged that it had struck a deal with a homelessness charity over the future use of one of its buildings after previously intending to evict the organisation.
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