Sarah Jones replaced by CFO on interim basis
Sarah Jones has left housing association Anchor with immediate effect.
Jones, who has led the 拢628m-turnover business for three years, has been replaced by chief financial officer Amanda Holgate on an interim basis.
Neither Anchor, the largest non-profit housing and care provider in the country, nor Jones have confirmed the reasons for her departure. Anchor said Jones 鈥榙ecided to step down鈥�.
However, the announcement comes months after the Regulator of Social Housing (RSH) opened an investigation into whether Anchor has breached the governance and financial viability standard after finding several failures relating to safety.
The RSH has placed Anchor on its 鈥榞radings under review鈥� list meaning the regulator is investigating whether the later living and care specialist is non-compliant. The RSH has not given the reasons for the probe, but said it relates to a potential governance breach.
RSH also in February awarded Anchor a low 鈥楥3鈥� grading for consumer regulation, meaning it has serious failings and must improve.
The 55,000-home provider, which self-referred to the regulator, was found to have a third of its homes without a 鈥渃urrent satisfactory鈥� electrical safety inspection report.
Anchor was also found to have a significant backlog of electrical remediation actions and weaknesses across landlord health and safety, including fire safety and water hygiene. It had incomplete and unreliable information on damp and mould.
Holgate joined Anchor as CFO in February 2023 and became a board member three months later. She has worked previously as CFO at Southern Housing and has also held positions at Peabody and Family Mosaic before it merged with Peabody.
Christopher Kemball, chair of Anchor, said: 鈥淭he board would like to record its thanks to Sarah for her hard work and commitment as CEO in what have been difficult times for the housing and care sectors as well as her contribution as CFO for the previous six years. We wish her well for the future.鈥�
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