Wates Group’s construction managing director Dave Smith is leaving the company after 32 years.
Mr Smith will step down from his roles as MD and group chief operating officer with immediate effect and will leave the company on 31 December.
Wates said “arrangements are in place to appoint a successor”, with an announcement expected in due course.
Until then, Wates Group chief executive Andrew Davies will take over the construction business and will chair the Construction Strategy Board.
Mr Davies said: “Dave has served the Wates Group with diligence, energy and commitment for the past 32 years and has made a substantial and significant contribution to our business.
“We thank him and wish him well for the future.”
Last week, CN revealed that Skanska executive vice-president Paul Chandler is departing the company after 34 years and is expected to move to Wates.
However, both contractors declined to comment on the move at the time.
Asked by CN whether Mr Chandler would be taking over from Mr Smith, a Wates spokeswoman today said: “We don’t comment on speculative articles of that nature”.