The Wates Group, one of the UK’s leading family-owned construction, development and property services companies, has today appointed David Allen as its new Chief Executive. He assumes the role with immediate effect.
The company’s Chief Financial Officer since January 2016, David was appointed Acting Chief Executive in November 2017.
The Wates Group Chairman, James Wates CBE, said:
“On behalf of the Board, I am delighted to confirm today’s appointment, which is the outcome of a rigorous executive search process. Our aim was always to find the very best candidate, either from within our talented senior management team or from outside Wates. We are particularly pleased to be able to confirm David in this key leadership role, as it evidences our strength in depth at executive level.
“David has shown an acute understanding of what it means to lead this very special family-owned business and I look forward to continuing to work with him as we progress through the next phase of the company’s history.”
David Allen said:
“I’m excited about leading the next stage of Wates’ push to become an even more high performing, progressive and sustainable organisation that continues to deliver for, and is trusted by, all of our customers and partners.”
David Allen, 46, joined Wates as Chief Financial Officer and Company Secretary in January 2016 following almost seven years as Crossrail’s Finance Director. He joined Crossrail in 2009 from Laing O’Rourke, where he was Finance Director of its European Construction business.
Before entering the construction industry in 2004, David worked in Accenture’s Strategy Consulting practice and HSBC Investment Bank’s Corporate Finance & Advisory Division.
David began his career with Arthur Andersen’s Tax Practice, is a Chartered Accountant and holds a degree in Modern History from St. Peter’s College Oxford.