Finance: Reddings to remain at CAF in wake of Ainger's exit

Helen Warrell

Tracey Reddings will stay at the Charities Aid Foundation rather than take up a new post at Barings as planned. The U-turn follows the resignation of CAF chief executive Stephen Ainger two weeks ago (Third Sector, 4 October).

Reddings had announced that she would leave her job as executive director of charity financial services at CAF in December to become director of business development and client services for charities at Barings (Third Sector, 20 September). She would have been the sixth key member of staff to leave CAF within a year.

Reddings revealed that CAF's trustees asked her to stay on. "I was asked if I was prepared to reconsider my move," said Reddings. "After a lot of thought and consideration, I decided that it was the best thing to do.

"My priority is that the stability of the senior leaders team is kept intact. Our combined experience is critical as we go through the next stage of the strategic review."

Tony Rogers, finance director at CAF, is now acting chief executive but will stay in the finance role for the duration of the interim posting.

Rogers said: "All of us at CAF are very pleased that Tracey has decided to stay with us; the contribution that she has made to the foundation has been considerable."

He added that Reddings' knowledge of the charitable and financial sectors would help the organisation to move ahead.

Barings is now looking for a replacement to head its charity services.

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