The chief executive of housing association Riverside has announced she is to retire.

Carol Matthews CBE will stand down in 2024, after 12 years at the 75,000-home social landlord.

Riverside’s Chair, Terrie Alafat CBE, will oversee the recruitment of her replacement.

In a press release announcing the news, Riverside said: “Under Carol’s excellent leadership, Riverside has gone from strength to strength, and she has steered the organisation through some of the most challenging times experienced by our customers and the wider sector. Throughout, Carol has always focused on Riverside’s central purpose as a charitable housing association.”

The landlord says it will shortly start a recruitment process to seek out a new CEO.

Terrie Alafat said: “Carol has modernised the organisation – introducing new systems and ways of working – whilst ensuring we retain a strong focus on our customers, giving them an effective voice, including at the ‘top table’.

“We are now one of the country’s leading developers of much needed affordable housing and one of its largest providers of homelessness services and supported housing. The ultimate measure of Carol’s success is that she will leave Riverside a better, stronger organisation than the one she joined.”