10 Apr 2019 07:01
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% increase1. 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 living2, yet only c.162,000 units of specialist retirement housing for homeowners have been built3.
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)