McCarthy and Stone CEO to leave

Grant Prior 11 years ago
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Retirement home builder McCarthy & Stone is looking for a new CEO after Mark Elliott confirmed he will leave the company next February.

Elliott joined the company in November 2012 from horse racing and hotel specialist Arena Leisure.

During the last year he oversaw McCarthy & Stone’s successful £527m refinancing and the company latest results for the year ending 31 August show a 21% rise in revenue to £310.8m and a 15% increase in EBITDA to £46m.

Chairman, John White, said: “Mark will be leaving the business well-financed and in a strong position to take advantage of a significant market opportunity in the retirement housing sector.

“The shareholders and directors thank him for all of his efforts and acknowledge his role in moving the business forward.”

 

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