SCHE30 Sep 2011 08:21
Mr Taylor is a Managing Director of Alix Partners and is a restructuring specialist, with extensive experience of multi party situations. Mr Taylor will continue to fulfil the role of Chairman of the Company's Restructuring Committee.
Jamie Buchan, Chief Executive of Southern Cross, commented:
"I would like to thank Christopher for his unwavering support. Having accepted the role of Chairman when the Company was already in crisis, he has displayed real courage together with a conviction to see the challenge through.
"Stephen Taylor's appointment further aligns the interests of the Company and its creditors as it enters the process of solvent wind down and I am confident that his experience of complex restructuring will prove beneficial."
Christopher Fisher said:
"Now that the transfer of homes has commenced, I consider my role complete. While the last year has thrown up many difficult issues, I very much appreciate the widespread support and effort which, allowing for the circumstances, has secured this outcome."