News Stories

 


October 6th, 2014

Important Announcement from Heart of the City

It is with disappointment that the Board of Heart of the City wish to advise members that the contract with former chief executive Alex Swney has been terminated.

The Board has already commenced the process for appointing an independent, interim chief executive and an announcement will be made in due course.

The termination of Mr Swney’s contract last week occurred as soon as the Heart of the City Board learned about allegations against him of improper invoicing. For legal reasons, we have been unable to advise you until today. 

We know our members will be shocked and concerned about this development. The Board has acted swiftly to ensure members’ interests are protected. 
 
The Board has appointed specialist advisory firm McGrathNicol which has begun a full, independent forensic examination of the organisation’s finances and activities. 

At this early stage in the independent investigation, and the continuing judicial process, the Board is constrained in what it can tell you at this time.  

However, we are committed to ensuring you are kept up to date on progress over the coming time.

Sincerely,

Terry Gould
Chair, Heart of the City Board


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