McCarthy & Stone appoints new boss

Retirement housebuilder McCarthy & Stone has poached the chief executive of growing developer Mount Anvil to be its new chief executive.

Clive Fenton will replace Mark Elliott, McCarthy & Stone’s current chief executive, and will join the business on 17 February.

Fenton was a board member and southern region executive director for Barratt before leaving in 2012. He joined South-east housebuilder Mount Anvil in January last year.

His appointment at McCarthy & Stone follows the appointment of former Persimmon chair John White as chairman late last year, and the completion of a £367m re-financing in August 2013.

John White said: “Clive has both extensive knowledge of all aspects of the house-building industry and a successful track record.  His appointment is key to our growth strategy which seeks to fulfill the opportunity presented by a burgeoning market for retirement apartments.”

Clive Fenton said:  “I have witnessed McCarthy & Stone becoming one of the UK’s leading house-builders and their adept specialisation in age-defined developments.  We have a solid platform to quickly grow the business further.”

He added that his job at Mount Anvil was “complete”, with the announcement of a new funding partner due imminently. Mount Anvil has recently seen stellar growth, with pre-tax profit rising five-fold in its most recent results for calendar year 2012.

Current chair Killian Hurley will take over as chief executive of Mount Anvil from 1 February.