Tim Wates will succeed Sir James Wates as chairman of Wates Group, the privately held, family-owned built environment specialist and developer.
The change will take effect at the company’s AGM in May.
Prior to joining the Wates Group, Tim Wates (pictured) began his career at Cazenove & Co. For six years he was chairman of the Coast to Capital Local Enterprise Partnership, completing his two terms in July 2020. He is a non-executive director of restaurant group Tampopo and estate agency Pedder.
He also serves on the advisory board of the Cambridge Judge Business School and is a deputy lieutenant of Surrey.
Sir James Wates said: “I have enjoyed my 10 years as chairman enormously, and the time is now right to pass the baton over to my cousin Tim.”
Tim Wates said: “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.”
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