Wates has announced that Tim Wates will take over as Chairman in May 2023.
Sir James Wates CBE revealed that Tim Wates will succeed him as Chairman of the Wates Group.
Tim Wates said: "I'm excited about taking over as Chairman, with the Wates Group in a strong position to become an even more high-performing, entrepreneurial and sustainable organisation. It is an honour to be named the next Chairman of our 125-year-old enterprise and continue our tradition of maintaining a long-term perspective and commitment to business as a force for good in society."
Sir James said: "I have enjoyed my ten years as Chairman enormously, and the time is now right to pass the baton over to my cousin Tim. I look forward to continuing to serve on the Board and being actively involved in the business, including representing Wates in external forums."
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