Empiric Student Property announces Mark Pain to its Board of Directors as upcoming Non-Executive Chairman

– UK, London – Empiric Student Property plc (LSE:ESP), the owner and operator of premium student accommodation across the UK, today announced the appointment of Mark Pain as Non-Executive Chairman of the Group with effect from 1 September 2018. Mark will also chair the Nominations Committee and be a member of the Remuneration Committee of the Company. Stuart Beevor, the current Acting Non-Executive Chairman, will step down from this role and will resume his role of Non-Executive Director of the Company and chairman of the Remuneration Committee.

Mark is a qualified accountant who has extensive experience as an executive and non-executive in a wide range of companies in the real estate, financial services and consumer/leisure sectors. Mark is currently Vice Chairman and Senior Independent Director at Yorkshire Building Society and Chairman of a London based residential property developer, London Square. Mark spent 16 years at Abbey National plc holding senior executive board positions, ultimately Group Finance Director, and was Group Finance Director for five years at Barratt Developments plc.

He has over 10 years’ experience across several sectors in previous non-executive board positions, including Ladbrokes Coral Group plc (2015-2018), Aviva Insurance Ltd, the UK regulated entity of Aviva plc (2013-17), Spirit Pub Group plc (2011-2015), Johnston Press plc (2010-2015), Northern Rock (2010-2012) LSL Property Services (2009-2013) and Punch Taverns plc (2007-2012).

Stuart Beevor, Acting Non-Executive Chairman, said: “Following a very thorough and independent appointment process, the Board has agreed that Mark is the right candidate to become Empiric Student Property’s Chairman. We are confident that with Mark’s strong financial, customer and shareholder focus and his wealth of board experience, he will make a significant contribution to the future success of the Group.”

Mark Pain commented: “I am delighted to be joining Empiric as Chairman and am very much looking forward to working with Tim, Lynne and the Board at this exciting time in the Company’s development. Much has been accomplished but there is still more to be done to drive greater customer focus, improved financial and operational efficiencies and sustainable shareholder value over the short and longer-term.”

About Empiric Student Property plc

Empiric Student Property plc is a leading provider and operator of modern, direct-let, nominated or leased student accommodation across the UK. Investing in both operating and development assets, Empiric is a multi-niche student property company focused on,

  • providing good quality first year accommodation managed through its Hello Student operating platform in partnership with universities,
  • offering a variety of second and third year purpose built accommodation options for individual students and those wanting a group living environment,
  • continuing to expand the Group’s existing premium, studio-led accommodation portfolio which is attractive to international and postgraduate students.

The Company, an internally managed real estate investment trust incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.

For more information : http://www.empiric.co.uk

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.