McCarthy & Stone appoints chairman

Paul Lester is to join the board of retirement housing developer McCarthy & Stone as chairman and non-executive director.

He will join the board in the new year and will succeed John White as chairman when White retires on 25 January. White has been chairman since September 2013.

Lester is currently chairman of Essentra and Forterra and was formerly a director of Invensys. His previous roles include serving as group managing director of Balfour Beatty and chief executive at VT Group.  Lester was also chairman of the John Laing Infrastructure Fund until September this year.

White said: “I am proud to have served on the board during a transformational period for the company, culminating in its successful IPO in 2015.  

“The company remains uniquely-placed to capitalise on the substantial growth opportunity in retirement housing, driven by a rapidly ageing population in the UK, and the team can look to the future with confidence.”

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