The head of a specialist student accommodation developer has been appointed as the new chief executive of Birmingham-based regeneration group St Modwen.
Mark Allan will join the listed firm in December from his current role as chief executive of Unite Group which runs four developments in Birmingham near Aston University.
He will succeed Bill Oliver who announced in February he planned to retire at the end of November.
Mr Allan has been chief executive of Unite since 2006.
He joined the company in 1999 from financial services firm KPMG and has held a number of roles including chief financial officer from 2003 to 2006.
Mr Allan is a qualified chartered accountant and a member of the Royal Institution of Chartered Surveyors.
He also serves as a trustee director on the non-executive board of Anchor Trust, a not-for-profit provider of housing and care for older people.
St Modwen's chairman Bill Shannon said: "Mark has an impressive track record and is highly regarded in the listed property sector.
"I am certain that, under his leadership, the company will continue to build on its unrivalled regeneration expertise and proven ability to realise value from its extensive land bank.
"The timing of this appointment allows for a smooth handover process and we look forward to welcoming Mark to the board."
Mr Allan added: "St Modwen has a well-earned reputation as the UK's leading regeneration specialist and I am excited by the prospect of working with the board, senior management team and staff to build on the company's strong foundations and to lead the business in the continued execution of its strategy."
St Modwen is leading the regeneration of Longbridge and developing a new town centre in Hednesford among other projects.