Tuesday, 31 July 2012
Platform 51 Announcement
Platform 51 announces resignation of CEO
Platform 51 announced today the resignation of CEO, Penny Newman.
During the past 18 months, the charity has taken steps to rectify its financial deficit by restructuring the organisation with a saving of nearly £1m in overheads. Now that this has been completed, and with a new strategic direction in place, Penny Newman has decided to resign from Platform 51 with effect from Autumn 2012.
Platform 51 has operated for several years with substantial financial deficits, and this is not sustainable. With income dropping, and the tough environment that many charities are suffering, the Trustees have appointed PwC to lead an independent professional assessment as to the options to continue the work of putting the organisation on a sound financial footing. Penny, with the Trustees, is working closely with the PwC team, whose report is due in September.
Commenting on the announcement, Helen Wollaston, Chair, Platform 51 said, "All the Trustees would like to thank Penny for all her hard work and for the significant expertise and commitment she has given to Platform 51 over the past two years, and wish her well in her future endeavours."
Wollaston continued "I and the rest of the Trustees believe passionately that Platform 51 has a vital contribution to make in the lives of women and girls across England and Wales, which in turn is good for society as a whole. It is our duty to ensure the long term future of the organisation for the benefit of generations to come".
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