Watkin Jones has appointed a new CEO.
Alex Pease takes on the job full time having been interim chief executive officer since 19 July.
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.
He said: “I am delighted and honoured to be given the opportunity to lead Watkin Jones as CEO. Watkin Jones is a fantastic business with talented and dedicated employees.”
Adding: “The PBSA and BTR sectors are amongst the most attractive asset classes in real estate and whilst 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.”
The company issued a revised trading update in October amid “challenging” market conditions.
Pease will provide updates on his strategic plan for Watkin Jones and its operations in January 2024 alongside full year results for the Group.
“The Board is delighted to announce Alex’s appointment as our new CEO,” said chairman, Alan Giddins. “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.”
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