Caroline Sumner has been appointed Chief Executive Officer (CEO) of R3, the insolvency and restructuring trade body, and will take on the role from 1st June.

As CEO, Sumner will oversee all aspects of R3’s work – from representation and technical support to the design and delivery of events, courses and conferences – as well as working with the Association’s senior team and Executive Committee to shape and deliver its strategy for the future.

She takes over from Liz Bingham, who will continue to work with the senior team supporting on ad-hoc projects after serving 15 months as R3’s Interim CEO.

R3 President and Head of Restructuring at Azets Colin Haig says: “Caroline has driven a number of R3’s major initiatives over the last five years and has extensive experience in the profession, as well as in the legislative and technical aspects of R3’s work to support it.”

“These qualities made her the stand-out candidate during the recruitment process we carried out to find a new CEO. I’m delighted she has accepted the role and look forward to working with her to build on the work she, Liz and the team at R3 did to help the Association evolve last year, and to continue to support the profession and the people in it.”

Caroline Sumner said: “I’m thrilled to take over as R3’s CEO. This is a pivotal time for insolvency and restructuring as the country emerges from the pandemic, and businesses and individuals look to the profession to help them recover from the economic damage it has caused.”

“I’m determined to ensure R3 continues to promote the profession and its work, and provide our members with the support they need to do what they do best: help individuals and directors who are struggling financially, rescue businesses and jobs, and create the confidence people need to lend and invest.”