Construction News

Mon April 12 2021

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Crossrail finance chief heads for Wates

23 Jun 15 Crossrail finance director David Allen is joining Wates as chief financial officer.

The new logo
The new logo

David Allen will take over as CFO and company secretary of Wates on 4th January 2016, in succession to Huw Davies.

David Allen is currently Crossrail’s finance director. He joined Crossrail in March 2009 from Laing O’Rourke, where he was finance director of its European construction business.

Wates Group chief executive Andrew Davies said: “David joins us at an incredibly exciting time in Wates’ history as we accelerate towards our ambitious turnover target, with work-in-hand now at its highest in five years and our order book up 50% on last year.”

Mr Davies added that Wates was looking to spend some of its profits on acquisitions to double its turnover from last year's £1bn to £2bn.

To help make this happen, they’ve got a new logo.

“We are reaching a critical point in our drive to strategically expand the business and renewing the brand identity was key to underpinning our plans for future growth,” Mr Davies said.  

He added: “We have modernised and refined the brand mark to create a bolder, more dynamic image that is representative of the strength and values for which Wates is renowned.”

The new logo is above; the old one below.

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