New McCarthy & Stone boss targets £90m cost cutting drive

By Jordan Marshall2018-09-25T13:56:00

Housing firm wants savings made by 2021

McCarthy & Stone’s interim chief executive John Tonkiss has been handed the top job on a permananent basis.

Tonkiss (pictured) has held the interim chief executive role since 1 September, following Clive Fenton’s retirement on 31 August 2018. Prior to this, he was the firm’s chief operating Officer.

The company has also announced the results of its strategic review, with the firm set to cut costs by £40m a year by 2021. The retirement specialist said it planned to save more than £90m between 2019 and 2021.

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