Prongué Appointed as Wates' New Executive Managing Director
Portfolio - People | Nov 06, 2024 | FM Business Daily
Wates has announced the appointment of Phillippa Prongué as the new Executive Managing Director of its residential business, succeeding Helen Bunch who is retiring after 19 years. Prongué, previously a Managing Director at Bouygues UK, brings extensive experience from the real estate sector and is set to begin her role in the new year. Under Bunch, the residential segment saw significant growth, including a 150% revenue increase and a 73% boost in operating profit. The company, with 10,000 homes in its development pipeline, aims to sustain this growth trajectory. Wates is also looking to fill several other top leadership positions to further bolster its residential business.
Sectors
- Real Estate
- Construction
Geography
- United Kingdom – Wates is a UK-based company and the article focuses on developments and leadership changes in its UK residential business.
Industry
- Real Estate – The article is centered around the real estate sector as it discusses leadership changes and strategies in a residential housing development company.
- Construction – The construction industry is relevant as Wates is involved in building residential homes and infrastructure.
Financials
- 150% – Growth in Wates' residential business revenue under Helen Bunch's leadership.
- 73% – Increase in operating profit in Wates' residential business under Helen Bunch's leadership.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wates | Company | Target Company | A leading UK construction and property services company focusing on residential development. |
| Phillippa Prongué | Person | Executive Managing Director | Newly appointed Executive Managing Director of Wates' residential business. |
| Helen Bunch | Person | Outgoing Executive Managing Director | Retiring Executive Managing Director of Wates' residential business. |
| Bouygues UK | Company | Previous Employer | Prongué's previous employer, where she served as Managing Director for London and the South East. |
| Eoghan O'Lionaird | Person | CEO | Chief Executive at Wates Group. |