Warwick Business School

The care home sector got £2.1 billion in government COVID aid -- our research shows care workers themselves got little support

Retrieved on: 
Samedi, décembre 30, 2023

In England, the vacancy rate in the adult social care workforce for 2022-2023 was 9.9%.

Key Points: 
  • In England, the vacancy rate in the adult social care workforce for 2022-2023 was 9.9%.
  • Experts underline that staffing and financing were problems in the care sector well before COVID arrived in March 2020.
  • The pandemic exacerbated this crisis, despite the extra £2.1 billion in emergency government support, provided during the first year.
  • Of the care workers we spoke to, 42% are in financial distress related to having worked in care homes during the pandemic.

Care workers in dire straits

  • We conducted in-depth qualitative interviews with 43 care home staff, including workers and managers.
  • We found that most of the £2.1 billion in government aid went to covering care homes’ loss of revenue resulting from decreasing occupancy.
  • In the first two years of the pandemic, 1,290 care workers (including those working in domiciliary settings) died as a result of COVID-19.
  • Of the care workers we surveyed, 80% reported working more hours during the pandemic, typically doing 12-hour shifts, as opposed to the seven to eight-hour norm.
  • Taking on extra hours actually put some workers at a financial disadvantage because it reduced their eligibility for in-work benefits.

A defective funding model

  • It highlighted the demise, since 2011, of two major providers, Southern Cross and Four Seasons, which housed 45,000 elderly people between them.
  • Our findings confirm that the complex funding model on which the care home sector is based is unsustainable.
  • For the most part, however, two things kept care homes afloat in the first year of the pandemic.
  • Our [staff] turnover rate has gone up to about 33%, and we had it down at about 18% before the pandemic.
  • Our [staff] turnover rate has gone up to about 33%, and we had it down at about 18% before the pandemic.


Marianna Fotaki receives funding from UK Research and Innovation COVID Scheme Derya Ozdemir Kaya does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Macomics Announces the Appointment of Kevin Lee as Independent Non-Executive Director

Retrieved on: 
Jeudi, octobre 19, 2023

EDINBURGH and CAMBRIDGE, United Kingdom, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Macomics Ltd, a leader in macrophage drug discovery, announces that it has appointed Kevin Lee Ph.D., MBA as Independent Non-Executive Director.

Key Points: 
  • EDINBURGH and CAMBRIDGE, United Kingdom, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Macomics Ltd, a leader in macrophage drug discovery, announces that it has appointed Kevin Lee Ph.D., MBA as Independent Non-Executive Director.
  • Based in the UK and CEO of Cambridge, UK/Cambridge, US based, Bicycle Therapeutics (NASDAQ: BCYC), Kevin brings two decades of biotech and pharma experience to Macomics.
  • He joined Bicycle from Pfizer, where he served as senior vice president and CSO of the Rare Disease Research Unit.
  • I look forward to work closely with Kevin to bring next generation macrophage targeting therapeutics to cancer patients.”

ShipBob Hires Amazon's VP of North America Fulfillment, Melissa Nick, as Chief Supply Chain Officer

Retrieved on: 
Mardi, juin 27, 2023

CHICAGO, June 27, 2023 /PRNewswire/ - ShipBob, the leading global omnifulfillment platform designed for businesses of all sizes, today announced the hiring of Melissa Nick as its first Chief Supply Chain Officer.

Key Points: 
  • CHICAGO, June 27, 2023 /PRNewswire/ - ShipBob, the leading global omnifulfillment platform designed for businesses of all sizes, today announced the hiring of Melissa Nick as its first Chief Supply Chain Officer.
  • Prior to overseeing North America fulfillment, Melissa helped build AMXL, Amazon's global extra-large fulfillment and delivery service, from the ground up.
  • With over 100 million orders shipped through their fulfillment network, Melissa will help steer ShipBob's next chapter of growth by leveraging her deep domain expertise in supply chain and operational excellence.
  • ShipBob CEO and co-founder, Dhruv Saxena, added, "Melissa has built a reputation as a deeply curious, humble, and strong leader.

Sameer Ralhan Resigns as Chemours Chief Financial Officer (CFO); Company Appoints Jonathan Lock as new CFO and Promotes Matt Abbott to Executive Team as SVP, Chief Enterprise Transformation Officer

Retrieved on: 
Mardi, juin 6, 2023

Leveraging a strong bench of top talent and thoughtful succession planning, Jonathan Lock, Senior Vice President (SVP) and Chief Development Officer, is appointed to the role of CFO, effective June 6.

Key Points: 
  • Leveraging a strong bench of top talent and thoughtful succession planning, Jonathan Lock, Senior Vice President (SVP) and Chief Development Officer, is appointed to the role of CFO, effective June 6.
  • As CFO, Jonathan will lead Finance, Investor Relations, Corporate Development, Strategy, and Enterprise Risk Management.
  • In addition, Matt Abbott, Vice President, Digital and Data Analytics, is promoted to SVP, Chief Enterprise Transformation Officer, a corporate officer, and senior executive position with responsibility for Information Technology, Cyber Security, Digital and Data Analytics and Procurement.
  • Joining the executive team to accelerate growth, unlock significant productivity, and improve operational performance across the enterprise, is Matt Abbott, the company’s first SVP & Chief Enterprise Transformation Officer.

Kearney announces expansion of aviation sector expertise and capabilities

Retrieved on: 
Mardi, mai 9, 2023

CHICAGO, May 9, 2023 /PRNewswire/ -- Kearney, a leading global management consulting firm, announced an expansion of capabilities focused on aviation, including the appointment of four senior aviation professionals. These aviation experts will strengthen Kearney's ability to serve airlines and other aviation businesses, coupled with the firm's industry-leading expertise in supply chain, sustainability, maintenance, and operations management.

Key Points: 
  • CHICAGO, May 9, 2023 /PRNewswire/ -- Kearney , a leading global management consulting firm, announced an expansion of capabilities focused on aviation, including the appointment of four senior aviation professionals.
  • These aviation experts will strengthen Kearney's ability to serve airlines and other aviation businesses, coupled with the firm's industry-leading expertise in supply chain, sustainability, maintenance, and operations management.
  • The aviation team will be situated within Kearney's transportation practice and will complement the firm's global capabilities in guiding aviation businesses through challenges and opportunities during a vital period of transformation.
  • The sector is experiencing strong tailwinds but is facing even stronger headwinds," said Phillip Bensel, partner and global lead for Kearney's aviation team.

Chip Industry Veteran Dan Harper Appointed Boréas VP of Sales

Retrieved on: 
Mercredi, octobre 19, 2022

BROMONT, Québec, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Boréas Technologies, the semiconductor company commercializing piezo integrated circuits, today announced the appointment of 30-year semiconductor industry veteran Dan Harper as vice president of sales.

Key Points: 
  • BROMONT, Qubec, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Boras Technologies , the semiconductor company commercializing piezo integrated circuits, today announced the appointment of 30-year semiconductor industry veteran Dan Harper as vice president of sales.
  • Throughout his extensive career, Dan has successfully built sales relationships with C-level executives at many of the worlds most influential tech companies, said Simon Chaput, founder and chief executive, Boras Technologies.
  • He is the perfect industry professional to help boost Boras beyond startup-phase to our next level of growth.
  • There are a number of reasons why Boras is a brilliant industry partner, he said.

Celularity Appoints Adrian Kilcoyne, M.D., M.P.H., M.B.A., as Chief Medical Officer

Retrieved on: 
Lundi, octobre 3, 2022

FLORHAM PARK, N.J., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Celularity Inc. (Nasdaq: CELU) (Celularity), a clinical-stage biotechnology company developing placental-derived allogeneic cell therapies, today announced that Adrian Kilcoyne, M.D., M.P.H., M.B.A., has been appointed Executive Vice President, Chief Medical Officer (CMO) and Head of Global Medical Affairs, Patient Safety and Patient Affairs, effective today.

Key Points: 
  • FLORHAM PARK, N.J., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Celularity Inc. (Nasdaq: CELU) (Celularity), a clinical-stage biotechnology company developing placental-derived allogeneic cell therapies, today announced that Adrian Kilcoyne, M.D., M.P.H., M.B.A., has been appointed Executive Vice President, Chief Medical Officer (CMO) and Head of Global Medical Affairs, Patient Safety and Patient Affairs, effective today.
  • Dr. Kilcoyne brings over 15 years of clinical experience to Celularity, having previously served in R&D, medical affairs, and commercialization roles, primarily focused on oncology.
  • It is with great pleasure that we welcome Dr. Kilcoyne to Celularitys leadership team during this critical stage of our growth trajectory, said Robert Hariri, M.D., Ph.D., Founder, Chairman and Chief Executive Officer of Celularity.
  • Celularity believes that by harnessing the placentas unique biology and ready availability, it can develop therapeutic solutions that address significant unmet global needs for effective, accessible, and affordable therapies.

AstroPay appoints Fayyaz Ansari as Chief Financial Officer

Retrieved on: 
Jeudi, août 4, 2022

AstroPay, the payment solution of choice for millions of users globally, today announced the appointment of Fayyaz Ansari as Chief Financial Officer.

Key Points: 
  • AstroPay, the payment solution of choice for millions of users globally, today announced the appointment of Fayyaz Ansari as Chief Financial Officer.
  • View the full release here: https://www.businesswire.com/news/home/20220804005257/en/
    AstroPay appoints Fayyaz Ansari as Chief Financial Officer (Photo: Business Wire)
    Having worked in finance for over 20 years, Fayyaz brings with him a deep understanding of the global payments industry.
  • He will be based in the UK with responsibility for overseeing all aspects of AstroPays global financial management and activities.
  • Fayyaz Ansari, CFO of AstroPay added: Im thrilled to have the opportunity to join AstroPay as the next step in my career.

Women Investors Are On The Rise - A Report By Westian Global

Retrieved on: 
Lundi, mars 21, 2022

Women in North America have the highest share of wealth by region, but Asia is growing quickest.

Key Points: 
  • Women in North America have the highest share of wealth by region, but Asia is growing quickest.
  • Over the next three years, Westian Global estimates that women's wealth will be $7.4 trillion and men's $13.8 trillion, translating into a compound annual growth rate of 8.9% for women and 7.3% for men.
  • The Westian Global report also highlighted that women generally value the need for professional advice higher than men.
  • In addition, women identified honesty, experience, and openness as the leading values they looked for in advisors and institutions, said Westian Global.

Unit4 Appoints Tom Ascroft as Chief Information Security Officer

Retrieved on: 
Mercredi, février 9, 2022

LONDON, Feb. 9, 2022 /PRNewswire/ -- Unit4 , a leader in enterprise cloud software for people-centric organizations, today announced the appointment of Tom Ascroft as Chief Information Security Officer (CISO).

Key Points: 
  • LONDON, Feb. 9, 2022 /PRNewswire/ -- Unit4 , a leader in enterprise cloud software for people-centric organizations, today announced the appointment of Tom Ascroft as Chief Information Security Officer (CISO).
  • As CISO, Tom will be accountable for Unit4's Cyber Security globally, identifying emerging security threats and developing strategies, policies, overarching controls and organizational security culture that are pivotal to mitigating them.
  • Tom joins Unit4 from the University of Surrey where he held the position of Chief Information Security Officer, transforming and re-shaping the Cyber Security offering with the IT Services department, helping to contribute and improve the UK National Student Survey results.
  • Previously Tom held the Director of Information Security role across EMEA for Avanti Communications,followed by Head of Information Security Consulting for Legal & General PLC in the UK covering Information Security requests, 3rd party Cyber assurance, Penetration Testing as well as Application Testing.