Housing association chief in shock resignation
Published by Brian Church for 24dash.com in Housing
Housing association chief in shock resignation after merger 'power struggle'
Matthew Fox has stepped down as chief executive of Viridian Housing with immediate effect, it was confirmed Friday.
The resignation comes as Viridian and Asra, led by Matt Cooney, move closer to merging.
In a statement, Viridian Housing said: "Viridian can confirm that Matthew Fox [pictured] has decided to step down as the chief executive of Viridian Housing. Matthew has been an integral part of the growth of Viridian and, after 10 years, he believes it is time to move on.
"The 'equal partnership' proposal between Viridian and asra continues in its advanced stage whilst we work towards HCA approval."
Hattie Llewelyn-Davies, chair of Viridian Housing, said: “We will all miss, and continue to respect, Matthew’s passion and drive which has made Viridian one of the top 50 housing associations in the UK.
"Nick Apetroaie, currently the director of property, has been appointed Viridian's interim chief executive and will continue to manage both roles in the interim. Nick has 20 years of experience in the housing and care sector, and has been with Viridian for six years and we have every confidence that he is the right person for the role."
If the 'equal partnership' goes ahead, the resulting organisation would be one of the top 20 housing associations in the country with around 30,000 homes.
Viridian Housing and asra Housing Group provide homes in South East England and the Midlands. Both organisations have a strong development record with asra Housing Group committed to creating 1,300 new affordable homes by 2017 and Viridian Housing completing 660 new homes last year.
Matt Cooney was later named 'designate chief executive' of the new VA Housing group.
A HCA spokesperson said: “We don’t comment in detail on individuals cases, however we are aware of the proposed merger, which requires the regulator’s consent, and we are working with the providers concerned.”