Dundee University Finance Chief Quits After Eight Days Amid £35m Deficit
Dundee University Finance Chief Quits After Eight Days Amid £35m Deficit

Dundee University Finance Chief Quits After Eight Days Amid £35m Deficit

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The University of Dundee is facing a deepening financial crisis as its interim chief finance officer, Chris Reilly, resigned after just eight days on the job, marking the fourth finance chief departure in less than a year. The university is grappling with a £35 million deficit and is undertaking significant job cuts, while seeking to implement a financial recovery plan to be submitted to the Scottish Funding Council. Reilly, who was initially appointed for an eighteen-month period due to his extensive experience across various sectors, left by mutual agreement amid ongoing turmoil. This follows a damning independent report that criticized the university's former leadership for failing to address the worsening financial situation, resulting in the Scottish Government providing an emergency bailout of up to £62 million. The university’s interim principal, Professor Nigel Seaton, emphasized the urgency in appointing a new finance chief to guide the recovery process. Former principal Iain Gillespie publicly admitted incompetence during his tenure, highlighting the internal challenges faced by the institution.

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