One of the largest NHS trusts in England has confirmed it is set to lose its chief financial officer and chief information officer, two days after HSJ revealed its chief executive is moving on.

Imperial College Healthcare Trust’s CFO Tony Graff is leaving this month and CIO Alistair Shearin is retiring in September.

The trust said it was combining the role of chief financial officer for the Academic Health Science Centre with that of the trust’s director of finance, a post currently filled by Steve Morris.

A spokeswoman said: “The current director of finance is still in post pending the recruitment process.”

On Tuesday HSJ reported the trust’s chief executive Steven Smith was due to leave. Professor Smith, who is also pro-rector of the medical school, will step down in September and take up a post with the Nanyang Technological University (NTU) in Singapore.

The trust, which has a turnover of around £900m, told the Department of Health it had a £40m gap in its £110m cost improvement plans for 2011-12.

The data, from board papers, also said “similar concerns arise from the indicative tariff for 2012-13”.

The board document showed a £13.3m gap in the trust’s cost improvement programmes target for this year and the use of £11.7m in reserves.

The trust also faces reductions in its service level agreements with the North West London cluster of primary care trusts, that make up the bulk of its referrals.

The departures will create further difficulties for the governance of the the trust and its bid for foundation trust status as most of its non-executive directors’ terms of office expire during the period of preparation for the bid.

Imperial has also yet to recruit to the roles of commercial and strategy director it advertised.

The board paper said the trust’s Monitor application date of August 2012 was “provisional”.