Allen steps down from CEO role at Wates Group

David Allen is stepping down as the CEO of Wates Group. Allen joined Wates in January 2016 and has been CEO since April 2018.

Group chairman Sir James Wates, said that Philip Wainwright (pictured), the current chief financial officer, will become interim CEO pending the appointment of a permanent successor.

The board has initiated the process to identify a new CEO, and further information will be announced in due course.

Sir James said: “ 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.”

Pictured: Philip Wainwright, Interim CEO, Wates Group

Image credit | Wates Group