Watkin Jones has promoted Alex Pease to chief executive with immediate effect.
Pease joined Watkin Jones in 2010 and took on the role of group investment director in 2013.
He was appointed chief investment officer in 2021 and joined the board in 2022.
Since July 2023, Pease has served as interim CEO and concluded the sale of three non-core private rented sector assets, taken action to better align its cost base and made progress against a number of operational initiatives.
Chair Alan Giddins said: “Over the last four months, as interim CEO, Alex has shown his ability both to lead Watkin Jones and think strategically about the future direction of the business. While the board ran a full search process, which included a number of strong external candidates, it was clear that Alex was the outstanding candidate for the role. I and the board very much look forward to working with Alex and the rest of the executive team to deliver on the full potential of Watkin Jones.”
Pease added: “I am delighted and honoured to be given the opportunity to lead Watkin Jones as CEO. The PBSA and BTR sectors are among the most attractive asset classes in real estate and while we continue to face short term macro-economic headwinds, I have no doubt about our ability to navigate through these successfully and return the group to profitable growth.”
Details of Pease’s remuneration arrangements will be set out in the 2023 Directors’ Remuneration Report, due to be published in January 2024.
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