Dr Peter Reading appointed new interim chief executive of hospitals trust

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A NEW interim chief executive has been appointed to run the hospitals in Stamford and Peterborough.

Dr Peter Reading took up his post on Tuesday and will be in charge of the day-to-day running of the hospitals.

He will continue work to turn around the trust’s financial woes.

It is projected to be £56.3m in the red by the end of next month despite a £46m Government bailout announced this week.

Dr Reading, who has run five health trusts before, said: “Clearly there is a lot to be done but it can be done.

“There is a big task ahead but the first thing, the most important thing, is that we don’t compromise patients’ safety.”

Dr Reading’s most recent post was chief executive at Doncaster and Bassetlaw Hospitals NHS Trust and he has run hospital trusts in London and Leicester before that.

He said he hopes to build on the current plan to save the trust money but will also look at internal efficiencies and getting help from the Government.

He said the Private Finance Initiative used to build the hospital is the key problem. Loan repayments cost £3m a month.

“We have the best hospital I have ever worked in. It is simply beautiful and an exceptional place for patients,” Dr Reading said.

“But it costs far more money than we can afford. That’s been recognised by the Department of Health and we have been named as one of seven trusts which will need special support.”

The £46m came from the Public Dividend Capital to cover running costs for the rest of the financial year.

The trust also appointed a new chief operating officer yesterday. Angus Maitland will take up his post on April 1.