Wates CEO David Allen is stepping down from the position he has held since April 2018.
Philip Wainwright, chief financial officer, will become interim CEO before the business appoints a permanent successor.
Allen joined Wates Group in January 2016, having previously server as finance director of Crossrail for seven years. Prior to that he was finance director of Laing O’Rourke’s European construction business.
Wates Group chairman Sir James Wates said: “During his time as our CEO, David’s intelligence, commitment and compassion has stood the organisation in good stead and in particular, ensured that the Wates Group successfully responded to the challenges of the pandemic. The board thanks David for his contributions and wishes him the very best for the future.
“We have an outstanding management team in place, and we have the right long-term strategy both to take advantage of market opportunities as well as to meet our objective of handing over to the next generation of family ownership a stronger, more sustainable enterprise.”
