LONDON (Alliance News) - Retirement homes developer McCarthy & Stone PLC said on Friday it has hired Nigel Turner and Mike Lloyd to be joint chief operating officers, with effect on January 1.
Turner will be responsible for bringing down build costs and executing McCarthy & Stone's new strategy, while Lloyd will be responsible for the group's Management Services operations, as well as sales, marketing and resales.
Turner most recent role was at FTSE 250-listed construction and support services firm Kier Group PLC, where he spent 21 years since 1997, leaving as executive director of Developments & Property Services at the start of August.
Lloyd was formerly part of FTSE 250-listed roadside rescue firm AA PLC for four years since 2014, leaving as group chief commercial officer.
"We are delighted to announce these two senior appointments to the board. Nigel and Mike's experience will significantly strengthen our management team and ensure we align our new strategy with operational execution and excellence," said Chief Executive Officer John Tonkiss.
Shares in McCarthy & Stone were up 2.8% at 134.30 pence on Friday.
