Wates Group chief executive Struan Robertson has stepped down after three years at the building and shopfitting group.
Robertson, 54, who joined Wates in October 2000, left with immediate effect on January 19 to 'spend more time with his family and concentrate on his portfolio of non-executive directorships'.
A spokesman said that day-to-day running of the business, part of the Private Market Stream, would remain under the control of Martin Tidd, and that headhunters had already been appointed to find a replacement for Robertson.
The spokesman added that the recruitment process could take between six and 12 months and that a new chief executive would be unlikely to come from the Wates family. Andrew Wates, who was chairman, becomes executive chairman and will assume control of the group until a replacement CEO is found.
Wates has proved successful in increasing its share of the UK shopfitting market over the past 12 months, following a reorganisation in September 2000 which led to the formation of a dedicated shopfitting division. Wates Shopfitting business development director David Stanley said the company has plans 'to carry out about£10 million of work with Boots this year'.
He added: 'For Marks & Spencer, the team will be doing more than£15 million of work.' This will involve the fit-out of about 15 stores nationwide, according to Stanley.
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