management structure
Wates is a family owned business whose shareholders are closely involved in the business at senior levels.
The Wates Board consists of the Chairman and Chief Executive, Chief Financial Officer, Chief Operations Officer, two Family Directors and four independent Non-Executive Directors.
The Board is committed to achieving the highest standards of appropriate corporate governance, conducting its business responsibly and in accordance with all laws and regulations to which its business activities are subject.
The Board delegates authority for all day to day management of the Group’s activities to the Executive Committee (ExCO). ExCo is chaired by Paul Drechsler and consists of Directors responsible for the strategic business units and key functions. It meets formally once a month and focuses on safety, performance, people and strategy. Business Unit Directors submit annual five year rolling strategic plans, annual budgets and quarterly forecasts for approval by the Board.
family
The Wates Group has been wholly owned by the Wates family since its inception in 1897. Wates combines the longevity and commitment of a family business, with the best aspects of a plc.
wates values
We all want Wates to be the very best. Being the best means upholding the great reputation Wates has built over 110 years. The Wates Way is underpinned by the family values that the Wates family brings to the business.
CEO of the year
The Wates Group has been recognised as a leader in the construction industry, after being named Major Contractor of the Year and Paul Drechsler also being named Chief Executive of the Year.
