Unite Students announced that Richard Smith has decided to step down as Chief Executive with effect from 31 December 2023. He will remain as an advisor to the business until the end of September 2024 to ensure a smooth handover of responsibilities and to provide advisory support on Unite's relationships with higher education partners and government stakeholders. Richard steps down after 13 years with Unite, having been CEO from 2016.

During this time, the Company has grown significantly to 157 properties across 23 university towns and cities, providing high-quality homes to over 70,000 students. Unite became a constituent of the FTSE 100 Index in 2022. Richard is stepping down to pursue his personal interest in supporting the education and development of young people, including understanding issues that affect mental health.

Following an extensive selection process supported by independent consultants as part of the Board's succession planning, the Board has appointed Joe Lister as Chief Executive, effective from 1 January 2024. Joe steps into the role after 22 years with Unite, including 15 years as Chief Financial Officer. The Board regards him as an outstanding candidate ideally equipped to lead the Company as it continues to execute on its proven strategy and deliver valuable growth.

While responsible for all areas of finance as CFO, Joe has also played an integral role in delivering the Group's investment strategy and has direct responsibility for its property function.