A month on from a profit warning that centred on financial and operational inefficiency, it came as no surprise that Empiric Student Property (ESP) boss Paul Hadaway has been shown the door. On 12 December, the board announced his employment had been terminated.
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Taking over from Mr Hadaway, in an acting capacity, is co-founder Tim Attlee, who is also the company's chief investment officer. He will work with chief financial officer Lynne Fennah to keep the focus on delivering "the significant financial and operational improvements and cost savings" promised in its business overhaul.
