McCarthy & Stone PLC Appointment of Gill Barr as Non-Executive Director (6853V)
April 10 2019 - 1:01AM
UK Regulatory
TIDMMCS
RNS Number : 6853V
McCarthy & Stone PLC
10 April 2019
Wednesday 10 April 2019
McCarthy & Stone plc
Appointment of Gill Barr as Non-Executive Director
McCarthy & Stone (the 'Group'), the UK's leading developer
and manager of retirement communities, is pleased to announce that
Gill Barr has been appointed as a Non-Executive Director of the
Group with effect from today and will succeed Mike Parsons as Chair
of the Remuneration Committee. She will also join the Risk &
Audit Committee.
Gill has held senior strategy, marketing and business
development positions at John Lewis & Partners, Kingfisher plc,
MasterCard and KPMG, and was Group Marketing Director of The
Co-operative Group between 2011 and 2014. She is currently a
Non-Executive Director of PayPoint plc, N Brown Group plc,
Wincanton plc and was previously a Non-Executive Director of Morgan
Sindall plc.
Gill also has considerable experience as a Remuneration
Committee member and Chair. She is currently the Chair of N Brown
Group plc and Wincanton plc's Remuneration Committee and sits on
the same committee for PayPoint plc. She was also previously chair
of Morgan Sindall plc's Remuneration Committee.
Paul Lester, Chairman of McCarthy & Stone, said:
"We are pleased to announce Gill's appointment as a
Non-Executive Director and we welcome her to the Board. Gill brings
considerable expertise in terms of customer strategy, proposition
development and communication including effective use of digital
channels. I am confident she will make a valuable addition to the
Group and help deliver our new strategy. I would also like to thank
Mike Parsons for his work chairing the Remuneration Committee and I
look forward to welcoming Gill to this role."
There are no further details to disclose under paragraphs 9.6.13
R (1) to (6) of the Listing Rules in respect of Gill Barr.
- Ends -
For more information, please contact:
McCarthy & Stone, 01202 292480
John Tonkiss, 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
McCarthy & Stone is the UK's leading developer and manager
of retirement communities, with a significant market share. The
Group buys land and then builds, sells and manages high-quality
retirement developments. It has built and sold more than 56,000
properties across more than 1,200 retirement developments since
1977 and is renowned for its focus on the needs of those in later
life.
There is growing demand for retirement communities. There are
currently 11.8 million people aged 65 or over, rising to 17.3m by
2037, representing a 47% increase(1) . For those aged 85 or over,
the increase will be larger, from 1.6m to 3.0m, representing an
87.5% increase. One in four over 60s are interested in retirement
living(2) , yet only c.162,000 units of specialist retirement
housing for homeowners have been built(3) .
McCarthy & Stone has two main product ranges - Retirement
Living and Retirement Living Plus - which provide mainly one and
two-bedroom apartments across the country with varying levels of
support and care for older homeowners. Retirement Living
developments provide independence in private apartments designed
specifically for the over-60s, as well as facilities such as shared
lounges and guest suites that support companionship. Retirement
Living Plus developments, which are designed specifically for the
over-70s, offer all of this plus more on-site facilities such as
restaurants, well-being suites and function rooms. Importantly,
they also provide flexible care and support packages to assist
those needing additional help.
All developments built since 2010 are managed by the company's
in-house management services team, providing peace of mind that it
will look after customers and their properties over the long term.
This is a key part of how McCarthy & Stone seeks to enrich its
customers' lives. This commitment to quality and customer service
continues to be recognised by homeowners. In March 2019, the Group
received the full Five Star rating for customer satisfaction from
the Home Builders Federation for the fourteenth consecutive year -
making it the only UK housebuilder, of any size or type, to achieve
this accolade.
For further information, please visit
www.mccarthyandstone.co.uk
(1) ONS household projections: 2016-based (2018)
(2) ONS (2017, 2014 based figures)
(3) Knight Frank, Retirement Housing (2018)
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.
END
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