Caroline Sumner has been appointed chief executive of R3, the insolvency and restructuring trade body, and will take on the role from June 1.
Sumner will oversee all aspects of R3’s work as well as working with the association’s senior team and executive committee to shape and deliver its strategy for the future.
Sumner takes over from Liz Bingham, who will continue to work with the senior team supporting on ad-hoc projects after serving 15 months as R3’s interim chief executive.
R3 president Colin Haig said: “Caroline has driven a number of R3’s major initiatives over the last five years and has extensive experience in the profession, as well as in the legislative and technical aspects of R3’s work to support it.
“I’m delighted she has accepted the role and look forward to working with her to build on the work she, Liz and the team at R3 did to help the association evolve last year, and to continue to support the profession and the people in it.”
Sumner said: “I’m thrilled to take over as R3’s chief executive. This is a pivotal time for insolvency and restructuring as the country emerges from the pandemic, and businesses and individuals look to the profession to help them recover from the economic damage it has caused.
“I’m determined to ensure R3 continues to promote the profession and provide our members with the support they need to help individuals and directors who are struggling financially, rescue businesses and jobs, and create the confidence people need to lend and invest.”