McCarthy & Stone PLC Appointment of Chief Operating Officer (4406G)
30 May 2017 - 4:01PM
UK Regulatory
TIDMMCS
RNS Number : 4406G
McCarthy & Stone PLC
30 May 2017
30 May 2017
McCarthy & Stone plc
Appointment of Chief Operating Officer
McCarthy & Stone (the "Group"), the UK's leading retirement
housebuilder, today announces that John Tonkiss will be appointed
as the Group's Chief Operating Officer, with effect from 1 June
2017. John was previously National Operations Director at the
Group.
Commenting on the appointment, Clive Fenton, Chief Executive
Officer of McCarthy & Stone, said:
"We are delighted to announce John's appointment to the role of
Chief Operating Officer. John has made an excellent contribution to
the Group since joining us in 2014 and becoming a main Board
Director in 2015. He has driven our three key initiatives to
shorten our working capital cycle and these have had a significant
and positive impact on our overall efficiency programme as we seek
to deliver our strategic growth targets."
- Ends -
Further information about John Tonkiss
John joined McCarthy & Stone in February 2014 and became a
Board Director in October 2015. He previously held the roles of
Operations Director - North and Business Transformation Director,
and became Group National Operations Director in September 2016. He
is responsible for the Group's nine operating regions and also
leads the improvement change programme to accelerate business
growth, enhance customer experience and improve operating
performance.
John was previously Chief Executive Officer of Human Recognition
Systems, the UK's leading biometric solutions provider. Prior to
that, he worked for ten years for the Unite Group, the UK's largest
provider of purpose-built student accommodation, becoming Group
Chief Operating Officer in 2008. John's earlier career included
senior operational management roles at TRW Automotive Electronics,
one of the world's largest automotive suppliers and a number of
engineering roles at Lucas Automotive Electronics.
For more information, please contact:
McCarthy & Stone, 01202 292480
Clive Fenton, Chief Executive Officer
Rowan Baker, Chief Financial Officer
Paul Teverson, Director of Communications
Powerscourt, 020 7250 1446 /
mccarthy-stone@powerscourt-group.com
Justin Griffiths
Nick Dibden
Notes to Editors
About McCarthy & Stone
McCarthy & Stone is the UK's leading retirement housebuilder
with a c.70% share of the owner-occupied market(1) . The Group has
sold over 51,000 properties across more than 1,100 retirement
developments since 1977 and is renowned for its focus on the needs
of those in later life. It re-joined the Main Market of the London
Stock Exchange in November 2015 and re-entered the FTSE 250
following its quarterly review on 21 March 2016.
There is a growing demand for specialist retirement housing,
with the number of people aged 85 and over in the UK expected to
more than double between 2015 and 2035 from 1.5 million to 3.2
million, and the number of people aged 65 and over expected to
increase by more than 50% from 11.6 million to 17.2 million(2) .
According to research by Demos, 1 in 4 over 60s are interested in
retirement living(3) , yet only c.141, 000 units of specialist
retirement housing for homeowners have been built(4) .
The Group has two established product ranges - Retirement Living
and Retirement Living Plus (formerly Assisted Living) - which
provide one and two bedroom apartments across the country with
varying levels of support and care for older homeowners. In late
2014, McCarthy & Stone launched its Ortus Homes product (now
known as Lifestyle Living), which is exclusively for the over 55s
and those in the earlier stages of retirement who are seeking to
downsize for their leisure years. McCarthy & Stone is currently
selling apartments in this product range across nine locations,
helping the Group to capture a wider share of the active retiree
market.
The first Lifestyle Living development at Scarlet Oak in
Solihull won the Best Retirement Scheme at the annual Housebuilder
Awards in November 2015. At the same awards in November 2016, we
were pleased to again receive Best Retirement Scheme for Ramsay
Grange and Lyle Court, our combined Retirement Living Plus and
Lifestyle Living development in Barnton, Edinburgh, as well as Best
Customer Satisfaction Initiative for our approach to ensuring that
we deliver a five-star service for our homeowners.
McCarthy & Stone's commitment to quality and customer
service continues to be recognised by homeowners. In March 2017,
the Group received the full Five Star rating for customer
satisfaction from the HBF for the twelfth consecutive year - making
it the only UK housebuilder, of any size or type, to achieve this
accolade.
www.mccarthyandstonegroup.co.uk
____________________
(1) Based on 3,453 registrations of cross-tenure properties
specifically designed for the elderly with the NHBC during calendar
year 2015, of which 2,672 were registered by McCarthy &
Stone
(2) Population projections by the Office for National Statistics
(2014 based)
(3) Demos - Top of the Ladder (September 2013)
(4) Independent data provided by Elderly Accommodation Counsel
(April 2016)
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGUAGAUPMGQQ
(END) Dow Jones Newswires
May 30, 2017 02:01 ET (06:01 GMT)
Mccarthy & Stone (LSE:MCS)
Historical Stock Chart
From Apr 2024 to May 2024
Mccarthy & Stone (LSE:MCS)
Historical Stock Chart
From May 2023 to May 2024