Mike Parsons steps down as chief executive of Barchester Healthcare

Mike Parsons has announced he is retiring from his role as chief executive of Barchester Healthcare Ltd.

Mr Parsons, who founded the company over 20 years ago, will work with the Barchester board on identifying a successor. Barchester Healthcare is a leading care provider, that supports over 10,000 people in 237 care homes, with services that range from dementia care to assisted living.

He will remain on the Barchester board as a non-executive director.

Margaret Ford, chairman of Barchester, said: “The board wishes to state its great gratitude to Mike for his work over 20 years to create one of the country’s most admired providers of care homes. His initial vision and drive have led to a company providing top quality services for over 10,000 residents, supported by a staff of over 17,000.

“Without Mike this provision and employment would not have happened. We owe him a huge amount. It is his decision to retire later this year, but by announcing this now we have the time and the opportunity to plan together for the future running of the company and a seamless handover when that occurs. After his retirement, I look forward to working closely with Mike as a continuing member of the board.”

Mr Parsons said: “My decision to retire this year from executive life comes after 20 years building a business that I take immense pride in. To spend so many years as a chief executive does bring with it strains, but also great satisfaction when I look at the quality of homes that Barchester has created.

“I am delighted that I shall be remaining on the board and look forward to working with a new chief executive when he or she is in post on the next stages of the development of this company.” He and his family remain very significant shareholders in the company.

Mr Parsons will continue as chairman of Barchester's Charitable Foundation and as vice-chairman of ECCA (English Community Care Association).

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