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McCarthy & Stone PLC (MCS)

McCarthy & Stone PLC

Directorate Change
RNS Number : 0087T
McCarthy & Stone PLC
15 July 2020
 

 

 

 

15 July 2020

M c Carthy & Stone plc

 

Directorate Change

 

 

 

McCarthy & Stone plc (the 'Company'), the UK's leading developer and manager of retirement communities, today announces that Nigel Turner, Chief Operating Officer - Build, will leave the Company with immediate effect.

 

In light of the impact of Covid-19, the Company has reviewed its resources in line with anticipated workflow and demand and is adopting a more streamlined approach. Several of the initiatives that Nigel was brought in to deliver have also now been successfully completed. The Company has therefore decided to revert to a more traditional structure of one Chief Operating Officer, Mike Lloyd, who will continue to focus on the core areas of Sales, Customers and Services.

 

The Company's four Divisional Managing Directors, who are responsible for all build operations, will now report directly to John Tonkiss.

 

John Tonkiss, Chief Executive Officer, said:

 

"I would like to thank Nigel for his hard work and enthusiasm since joining us and he has helped us make significant progress with delivering our new strategy. This includes leading our build cost reduction activity, which is central to our margin improvement plans, and driving material change in our effective management of health and safety. We wish him the very best for the future."

 

 

-  Ends  -

 

For more information, please contact:

 

Adam Batty  

Group General Counsel and Company Secretary

07976 666608


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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