- What Tim Attlee will step down as CEO in June
- Why Conclusion of a successful six-year transformation of the business since floating it in 2014
- What next Search for Attlee’s successor will begin immediately
Tim Attlee is to step down as CEO of student accommodation owner and operator, Empiric Student Property.
The company said Attlee would remain in his position until the end of June 2020 to help to ensure an orderly handover takes place, adding that it would immediately begin a search for his successor.
Attlee co-founded and helped float Empiric in 2014, leading the acquisition of all the assets by the group and oversaw the company’s development programme. In December 2017, he was appointed acting CEO and was appointed chief executive in November 2018. Together with Lynne Fennah, chief financial & operating officer, Attlee has been responsible for executing a transformation of the group and the improvements to the company’s operational and financial performance.
Mark Pain, chairman of Empiric Student Property, said: “The board and I are extremely grateful for the significant contribution Tim has made to the business, particularly over the last two years.
“Tim, working closely with Lynne, 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.”
Attlee added: “After six very rewarding years, and with the company in a much stronger operational and financial position, now feels like the right time for me to step down and for a new CEO to lead the Group.
“I’d like to thank the board and our shareholders for the support they have shown me, and my colleagues for the role they have played in helping to transform the business.”