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LONDON - Vp plc, an equipment rental company, announced on Thursday the appointment of Richard Smith as a Non-Executive Director effective from February 1, 2025. Smith will be succeeding Phil White, who has signaled his retirement from the Board effective June 30, 2025, following a tenure of over ten years.
This transition follows the company’s interim results announced in November 2024, which included White’s intention to step down. Smith, a seasoned executive, will join Vp’s Remuneration, Audit, and Nomination Committees on July 1, 2025, after White’s departure.
Smith’s career includes a notable stint as CEO of Unite Group (LON:UTG) plc, the UK’s largest developer and manager of student accommodations, from 2016 to 2023. Under his leadership, Unite witnessed significant growth and entered the FTSE 100 Index in 2022. He served in an advisory role at Unite until early October 2024.
Prior to Unite, Smith held various positions at National Express (LON:MCG) Group plc, including Chief Financial Officer for North America and Group Development Director. His career began at British Rail in finance and operational roles.
Additionally, from 2020 to 2023, Smith was a Non-Executive Director of Industrials REIT plc, and he currently chairs Southampton Solent University, underscoring his commitment to education and student welfare.
Jeremy Pilkington, Chairman of Vp plc, expressed confidence in Smith’s appointment, citing his extensive experience and the value he is expected to bring to the company’s stewardship.
The company has confirmed that no further details need to be disclosed under Listing Rule 6.4.8R concerning Smith’s appointment. The information for this report is based on a press release statement from Vp plc.
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