McCarthy & Stone plc (LON:MCS), the UK’s leading developer and manager of retirement communities, today announced that Rowan Baker, Chief Financial Officer (CFO), has informed the Board of her intention to step down as CFO and as a Director of the Company to become CFO of Laing O’Rourke.
The Board also confirmed that Martin Abell will join the business as CFO Designate on 26 May 2020, becoming CFO on 1 August 2020, following Rowan’s departure. Martin most recently held the position of CFO at Clinigen Group plc, the pharmaceutical and services company, and prior to that was the Finance Director (Europe and Rest of World division) for Hays plc, the FTSE 250 professional recruitment company.
Rowan will remain with the business to provide a smooth handover with Martin and the wider finance team. Her departure date will be 31 July 2020, following the Group’s HY20 Results on 15 July 2020.
Rowan joined McCarthy & Stone in 2012 and was appointed to the Board in January 2017. She played a key role in the Company’s IPO and in developing and delivering the Company’s new strategy, as well as driving several transformation initiatives.
John Tonkiss, McCarthy & Stone Chief Executive Officer, said: “On behalf of the Board, I would like to thank Rowan for her huge contribution over the past eight years. Personally, I am extremely grateful for her guidance and support, particularly since she took on the role as CFO, and we wish her the very best with her new position. I am also pleased to welcome Martin to the Company. His commercial and public company experience will be of huge benefit and I look forward to working with him.”
