Unite Group PLC (The) APPOINTMENT OF CHAIRMAN DESIGNATE (1226D)
October 26 2020 - 3:00AM
UK Regulatory
TIDMUTG
RNS Number : 1226D
Unite Group PLC (The)
26 October 2020
PRESS RELEASE
26 October 2020
THE UNITE GROUP PLC
('Unite Students', 'Unite', the 'Group', or the 'Company ')
APPOINTMENT OF CHAIRMAN DESIGNATE
The Unite Group plc, the UK's leading owner, manager and
developer of student accommodation, today announces that Phil White
has advised the board of directors that he will retire as Chairman
and step down from the Board with effect from 31 March 2021, as
previously announced in the Company's 2019 annual report and
accounts. Phil will be succeeded by Richard Huntingford who is the
Chairman of Future plc, a FTSE 250 global platform for specialist
media.
Richard will join the Unite board as a Non-Executive Director
and Chairman Designate on 1 December 2020 and will assume the role
of Chairman on 1 April 2021.
Phil was appointed Chairman of the Unite Board in 2010. As
previously announced, Phil's tenure on the Board was extended
following the Liberty Living acquisition to ensure continuity
during a critical stage of the integration of the business. Phil
had previously indicated that he would not offer himself for
re-election at the 2021 Annual General Meeting.
Richard, a chartered accountant, has over thirty years of plc
board experience including as Chief Executive of Chrysalis Group
plc between 2000 and 2007 and as a Non-Executive Director of Virgin
Mobile Holdings (UK) plc. His Chair roles have included Wireless
Group plc (formerly UTV Media plc), Creston plc and Crown Place VCT
plc. In addition to chairing Future plc (since February 2018),
Richard is a Non-Executive Director of JP Morgan Mid Cap Investment
Trust plc and The Bankers Investment Trust plc.
Phil White, commenting on the changes said: "I am delighted with
Richard's appointment as Chairman Designate; his extensive track
record and board experience demonstrates that he has the range of
skills and experience for the role. I would like to welcome Richard
to the Board and I look forward to working with him over the coming
months to ensure a smooth handover of duties. Unite is a great
business with great people and it has been a privilege to have
played just a small role in its success over the past decade."
Richard Huntingford, commenting on his appointment said: "I am
delighted to be joining the Board of Unite. I have a strong empathy
for Unite's 'Home for Success' purpose which plays a fundamental
role in helping students make a success of their time at
University.
Unite's market-leading proposition, and its strong University
relationships, provide a firm foundation for long-term sustainable
growth."
Richard Smith, Unite's Chief Executive, said: "On behalf of the
Board, I would like to thank Phil White for his leadership over
many years and his contribution to the growth of Unite and making
Unite the business it is today. Great people are at the heart of
any business and Phil led this from the top. On a personal note, I
would like to thank Phil for his support and guidance. I look
forward to working with Richard as we look to the future with
confidence and embrace the exciting opportunities ahead."
No further information is required to be disclosed pursuant to
Listing Rule 9.6.13.
- ENDS -
For further information, please contact:
Unite Students
Richard Smith / Joe Lister / Michael Burt Tel: +44 117 302 7005
Unite press office Tel: +44 7754 749 301
Powerscourt
Justin Griffiths / Victoria Heslop Tel: +44 20 7250 1446
About Unite Students
Unite Students is the UK's largest owner, manager and developer
of purpose-built student accommodation, serving the country's
world-leading Higher Education sector. Following the GBP1.4bn
acquisition of Liberty Living in November 2019, we now provide
homes to 75,000 students across 177 properties in 27 leading
University towns and cities. We currently partner with 45
Universities across the UK.
Our people are driven by a common purpose: to provide a 'Home
for Success' for the students who live with us. Unite's
accommodation is safe and secure, high quality and affordable.
Students live predominantly in ensuite study bedrooms, with rents
covering all bills, insurance, 24-hour security and high-speed
Wi-Fi. We also hold a five-star British Safety Council audit
rating.
Founded in 1991 in Bristol, Unite Group is an award-winning Real
Estate Investment Trust (REIT), listed on the London Stock Exchange
and a member of the FTSE 250 Index. Unite is invested in and
operates two specialist funds and joint ventures with institutional
investment partners: the GBP3 billion Unite UK Student
Accommodation Fund (USAF) and the GBP1 billion London Student
Accommodation Vehicle (LSAV).
For more information, visit:
Unite's corporate website www.unite-group.co.uk
The student site www.unite-students.com
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