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Healthcare Locums Plc - Directorate Changes

Healthcare Locums Plc - Directorate Changes
Healthcare Locums plc announces the appointment of Peter Sullivan and David Henderson as senior independent Non-executive Directors of the Company with immediate effect.

Peter Sullivan is appointed Non-executive Chairman following the resignation of Alan Walker who has resigned his post. Peter was previously the Chief Executive Officer of Standard Chartered Bank (Hong Kong) Limited and was responsible for the Bank's daily business and operations. He joined Standard Chartered in 1994, having previously spent fourteen years with Citibank in Sydney, Singapore, Chicago and London in a variety of senior positions. He currently holds a number of Directorships of public companies.

David Henderson is appointed as Senior Non-executive Director. After qualifying as a Chartered Accountant in 1974 David joined Morgan Grenfell where he worked for ten years in London and New York in the International Banking division. In 1984 he joined Russell Reynolds, where he worked until 1995 as a Managing Director specialising in financial services executive recruitment. In 1995 he joined the Board of Kleinwort Benson Group plc as Personnel Director and was appointed Chief Executive of its private banking business in 1997, a position he held until he became Chairman in 2004. Following the sale of Kleinwort Benson Private Bank in 2009, David became a Special Advisor to the Bank where he continues to support a number of senior client relationships. He currently holds a number of directorships of public companies.

The intention of the Board in making these changes is to secure independent leadership of the Company.

Alasdair Liddell has expressed his intention to resign from the Board as Non-executive Director and will stand down after a suitable transitional period Mo Dedat will remain as an Executive Director and Chief Operating Officer of the Company. David Moffatt, a Chartered Accountant who joined the Company in December 2010, is continuing in a role as interim Chief Financial Officer.
The internal investigation into accounting irregularities at the Company is nearing completion. The findings of a separate investigation into the same issues, conducted by external independent reporting accountants, will be delivered in the coming weeks.
Peter Sullivan, Non-executive Chairman, said: "I would like to thank Alan Walker for all of his hard work over the last five years and particularly in recent weeks. Alan has guided the Company through the recent difficult period with great professionalism and now that the internal investigation into accounting irregularities is close to completion, it is fair and right that he steps aside to allow fresh independent Non-executive leadership to take the Company forward. I would also like to pay tribute to Alasdair Liddell who continues to play a very key role in guiding the Company through its recent challenging times. HCL is an extraordinarily powerful company, and is strongly enhanced by its recent Australian acquisition. It has a great contribution to make in healthcare provision across the globe and I look forward to playing a significant role in its future development."

Alan Walker said: "The period since the announcement of the suspension of the Company's shares has been challenging and difficult for all those associated with the HCL Group. The internal investigations surrounding the accounting irregularities are now close to completion and the investigation by independent reporting accountants is progressing. As a result of progress in these related matters this is the appropriate time to transfer the Chairmanship of the Group into the hands of Peter Sullivan, a highly respected business figure with a distinguished track record. I have enjoyed playing a pivotal role in developing the HCL Group in market-leading positions around the world. HCL is a dynamic group with an exciting future and I am particularly pleased that the new independent Directors will place the HCL Group on a secure footing going forward. I wish the Company and its committed staff every success in the future."


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