New chief executive for NHP
Bill Colvin has been appointed the new chief executive of NHP, the nursing homes operator. His promotion from finance director follows the resignation of Richard Ellert in August in the wake of the firm’s falling share prices. In recent weeks these have hit a low of 21p, having traded at over Â£2 each last year. Chairman Sir Martin Laing expressed new confidence in the company’s future. “The board is confident that NHP has begun to turn a corner,” he said. Richard Midmer, formerly finance director at British Borneo, takes over as finance director.