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Unite Group CEO to leave for St. Modwen

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Unite Group CEO to leave for St. Modwen

named a new CEOas Mark Allan has agreed to join St. Modwen Properties Plc, both companies said April 7.

Allan'sappointment at St. Modwen is effective Dec. 1, but he will join the companyNov. 1 as CEO designate. He will take the reins from current CEO Bill Oliver,who will retire at the end of the company's financial year Nov. 30, asreported earlier.

UniteGroup, meanwhile, promoted Richard Smith to CEO, effective July 1.

Allanwill remain at Unite Group in an advisory role until Oct. 31. He served thegroup for 17 years, with 10 years as CEO.

Smithbegan at Unite Group in 2010, and became a board member in January 2012 following his appointmentas managing director of operations.