Wates Group Ltd Chief Executive

James Wates CBE, Chairman of the Wates Group, today announced that the company’s Chief Executive, Andrew Davies, will leave the organisation on 10 November 2017.

Andrew, who joined the company in January 2014, will be taking up the position as Chief Executive of Carillion plc on 2 April 2018.

David Allen, Chief Financial Officer, will become Acting Chief Executive pending the appointment of a permanent successor.

David Allen to become Acting Chief Executive

When Andrew leaves, he will do so with the company in a strong position and well on its way to achieving its strategic goal of becoming a sustainably profitable £2 billion turnover company. It’s been a pleasure to work with Andrew over these past four years, and I have thanked him for his outstanding leadership in growing the business, building a strong management team, and ingraining our core values throughout the organisation. On behalf of the shareholders and the Board, I wish him the best for the future. The Board is grateful to David Allen for agreeing to take over as Acting Chief Executive until a permanent successor is appointed.”

 

James Wates CBE

 

It has been a privilege and a pleasure to work for the Wates Group, and I am proud of what we as a company have accomplished over these past four years. I have the greatest respect for the organisation, its heritage, and its people, who have continually impressed me with their commitment, integrity, professionalism and performance. In particular I would like to thank James Wates and the Wates Family for their guidance and support during my tenure as CEO. I look forward to working with the Board and the management team to ensure there is a smooth and orderly transition.”

 

Andrew Davies.

The Board of the Wates Group has initiated the process to identify a new Chief Executive, and further information will be announced in due course.

Contact for more information:

Nicola Savage, Director of Communications & Marketing, the Wates Group. Tel: 01372 861 221  email: mailto:media@wates.co.uk