Latest news with #UniversityRecoveryPlan
Scottish Sun
02-07-2025
- Business
- Scottish Sun
Troubled Scots uni's new finance chief quits after EIGHT DAYS
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE new finance chief of Dundee University has quit just eight days into the job. Chris Reilly was appointed to the senior position last month for a period of 18 months. Sign up for Scottish Sun newsletter Sign up 2 The new interim finance director of Dundee University has quit his role Credit: Michael Schofield, News Group Newspapers Ltd Uni chiefs hailed his arrival and said he comes with a "wealth of experience". But after just over a week in the hot seat, Mr Reilly has left his role at the troubled institution "by mutual agreement". The new interim university principal, Professor Nigel Seaton, told staff of Mr Reilly's departure. In an email to workers, he wrote: "Dear colleagues, I am writing to let you know that Chris Reilly, our Interim Chief Finance Officer, has left the University by mutual agreement. "We are moving quickly to appoint a new Interim Director of Finance who will take us through the next steps of the University Recovery Plan for submission to the Scottish Funding Council. "We will share further information about this process with you as soon as possible." Bosses at Dundee Uni will now have to find their fourth finance chief in less than a year amid a financial crisis. Mr Reilly replaced former interim finance director Helen Simpson after she worked just seven months in her post. Last October, her predecessor Peter Fotheringham quit shortly before the state of the university's finances emerged. Last week, ex-interim principal Shane O'Neill quit shortly after the release of a scathing report into management's handling of the crisis. Major Scots university to axe 632 jobs as staff left 'in tears' Last week, we told how former boss Iain Gillespie refuses to give back his £150,000 pay-off. The former principal and vice chancellor left as Dundee Uni went into meltdown. He later admitted to MSPs that he had been "incompetent" during a Holyrood grilling. Last month, the Scottish Government handed the uni an extra £40million in emergency funding.
The Herald Scotland
02-07-2025
- Business
- The Herald Scotland
Dundee University finance chief quits after just eight days
In an email first viewed by the Courier, University Principal Nigel Seaton told staff: "We are moving quickly to appoint a new interim director of finance who will take us through the next steps of the University Recovery Plan for submission to the Scottish Funding Council." Read more: Former Dundee University boss paid six months' salary as he quit Dundee University redundancies cut in half as part of new recovery plan Minister refuses to confirm £100 million lifeline for Dundee University Professor Seaton assumed the top position at the university on June 20th after former office-holder Shane O'Neil quit in the wake of a damning report on the institution's finances. Dundee University has been approached for comment. More to come...
