Watkin Jones has announced the permanent appointment of Alex Pease as its CEO, confirming his transition from interim chief executive since July of this year. Pease stepped into this role following the departure of former chief Richard Simpson, coinciding with the firm’s profit warning.
During his interim tenure, Pease orchestrated the sale of three non-core private rented sector assets and implemented measures to streamline the group’s cost structure, as highlighted by the company.
Pease has a tenure at the company dating back to 2010, progressively assuming various roles, including group investment director from 2013, chief investment officer in 2021, and joining the board in 2022.
Expressing gratitude for the opportunity, Pease acknowledged the attractiveness of the PBSA (Purpose-Built Student Accommodation) and BTR (Build-to-Rent) sectors within real estate. He remains confident in steering the company through short-term economic challenges and steering it towards profitable growth.
Alan Giddins, the chair, commended Pease’s leadership during the interim period, citing his strategic vision for Watkin Jones. Despite a thorough search process involving external candidates, Pease emerged as the standout choice for the role.
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