Empiric Student Property’s chief executive Tim Attlee will step down from the role in June 2020.
The company made the announcement alongside full year results today. It said Attlee would remain in the position until the end of June 2020 and the board would commence an immediate search for his successor.
Attlee co-founded and helped float Empiric in 2014. As the company’s chief investment officer, Attlee led the acquisition of all the assets by the group and oversaw the company’s development programme. In December 2017, he was appointed acting chief executive and was appointed as chief executive in November 2018.
Mark Pain, chairman, said: “Tim has transformed the group into a fully integrated operational property business. This work is now largely complete. We are now turning our attention to embedding the changes we have made to the business, driving further improvements to the financial and operational performance of the group and delivering sustainable benefits to the company’s shareholders, customers and wider stakeholders in 2020 and over the longer term.”
ESP : Empiric Student Property chief executive to step down