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Tim Wates has become the new Chairman of the Wates Group, taking over the role from his cousin, Sir James Wates CBE.
Tim Wates joined the family-owned building, development, and property services company in 1993, serving as a Board Director from 2006 to 2008 and again since 2011. He was appointed Deputy Chairman in October 2022.
Outside of the company, he serves on the Advisory Board of the Cambridge Judge Business School and is a Deputy Lieutenant of Surrey. He is currently the High Sheriff of Surrey. For six years he was Chairman of the Coast to Capital Local Enterprise Partnership, completing his two terms in July 2020. He also served as a trustee of The Clink Charity from 2011 to April 2023.
Speaking about his appointment, Tim Wates said: “I am proud to be Chairman of our wonderful company, which my family has owned for four generations. The Group is performing excellently, as reflected in our recent financial results, and the outlook is positive with the highest forward order book in our history. And our family values guide what we do, enabling our growth as a sustainable, entrepreneurial business and ensuring we make a positive difference to society.”
He added: “I’d like to thank the Board and the shareholders for giving me this opportunity to serve as Chairman – and, of course, thanks to Sir James for his excellent 10 years in the role. Now, as I take the helm, I commit to giving it my all and am looking forward to the challenges and opportunities ahead.”
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