HCL makes significant progress on stabilisation, chairman tells AGM
Thu, 24 May 2012
The management team leading healthcare recruiter HCL “has made significant progress in ensuring the stabilisation of the business”, non-executive chairman Peter Sullivan told the company’s AGM yesterday [23 May].
The current management team was bought in to deal with the fall-out following the discovery of serious financial irregularities, which led to the dismissal of former executive vice chair Kate Bleasdale and resignation of finance director Diane Jarvis.
HCL has been experiencing further difficulties of late, with the company facing legal action in the US
and an ongoing employment tribunal bought against it by Bleasdale
“We have restructured our UK business, investing in people, processes and systems to position the business as a major supplier to the NHS with a quality-led offering,” Sullivan adds.
“There are challenges ahead; however, the re-engineering of the business is well underway.”