Home Group has announced that Mark Henderson will retire as chief executive after 18 years in charge of the housing association.
Mr Henderson has served as chief executive of Home Group since he joined the landlord in 2008.
The Newcastle-based housing association, which manages around 57,000 homes across England and Scotland, said it will now launch a recruitment campaign for a successor.
An appointment is then expected to take place later this year, and Mr Henderson’s departure date will depend on when a replacement is found.
The group said he will work a “significant notice period to enable a smooth and seamless transition to his successor”.
The long-serving leader’s decision to retire comes as Home Group is marking its 90-year anniversary this year.
John Cridland, chair of Home Group, said: “The board and I want to thank Mark for his outstanding leadership and for ensuring a clear, well-planned transition.
“Under his stewardship, Mark has expanded Home Group’s mission to build more homes and provide more services, and has created strong relationships at the highest levels of government and within the sector. All of which have brought significant benefit to the organisation, our customers and our communities.
“We are now working in partnership with an external agency in the search for our next chief executive. In the meantime, it is very much business as usual, and the organisation remains in a strong and stable position.”
According to its financial results for 2024-25, Home Group posted a pre-tax surplus of £34.7m, a rise from £23.2m in the previous year.
In December, the provider retained its regulatory grades of G1/V2.
In April last year, the housing association increased its liquidity by £260m and improved its covenants after refinancing revolving credit facilities (RCFs) with three lenders and securing another RCF.
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