- Following the announcement on 18 June 2018 that Clive Fenton will be retiring as CEO of specialist housebuilder McCarthy & Stone on 31 August 2018, the group confirms that it is conducting a formal search process to appoint a replacement CEO.

The group will be considering both internal and external candidates for the role during the process. In the interim chairman Paul Lester, will be spending more time with the business helping the executive team to develop the new strategy for the group.

Chief operating officer John Tonkiss will assume the role of interim CEO from 1 September 2018 until the search process has been concluded and a replacement CEO is in post.

At 9:22am: [LON:MCS] McCarthy Stone Plc share price was -2.07p at 98.23p

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