He joins on 17 February from Mount Anvil, a specialist London residential property developer, where he has been CEO since January 2013.
Mr Fenton spent almost 30 years with Barratt Developments before leaving in July 2012. He joined Barratt in 1983 and worked in a number of finance and operational roles before being appointed to the group board in 2003, with overall responsibility for all operations in the south of England. He was also responsible for Barratt Strategic Land and its Group Partnership Housing and Retirement Homes divisions.
At McCarthy & Stone, he replaces Mark Elliott, who will leave in February, having been part of a management team that brought on board new shareholders who refinanced the company.
In the latest financial year ending 31 August 2013, McCarthy & Stone reported a 21% growth in revenue to £310.8m and a 15% increase in EBITDA to £46m.
Chairman John White said: “Clive has both extensive knowledge of all aspects of the house-building industry and a successful track record. His appointment is key to our growth strategy which seeks to fulfil the opportunity presented by a burgeoning market for retirement apartments.”
Clive Fenton added: “I have witnessed McCarthy & Stone becoming one of the UK’s leading house-builders and their adept specialisation in age-defined developments. Following the company’s successful refinancing last year, and an impressive set of figures, we have a solid platform to quickly grow the business further.”
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