5 Dec 2014 11:00
WATERMAN APPOINTS NEW CHAIRMAN
The Board of Waterman Group plc ("Waterman" or "the Group"), the international engineering and environmental consultancy, is pleased to announce that Michael Baker was appointed as Chairman of Waterman following the retirement of Roger Fidgen at the end of the Annual General Meeting this morning on 5th December 2014. Michael has also been appointed Chairman of the Nomination Committee and Member of the Audit and Risk Committee and the Remuneration Committee with immediate effect.
Michael Baker is a chartered surveyor with over 40 years' experience in the London property market. He was previously Chief Executive of Baker Harris Saunders Plc, which was the first surveying firm to float on the London Stock Exchange. He was also a Non-Executive Director of property company Halladale Group PLC throughout its time as a quoted company.
He has in the past been Chairman of the Royal Institution of Chartered Surveyors City branch and Master of the Chartered Surveyors Livery Company. Michael has been extremely successful throughout his career in leading people businesses and he is also very experienced and knowledgeable about the cyclical nature of the UK property and construction markets.
Michael through his professional capacity as a chartered surveyor has previously advised Waterman on property matters, including lease negotiations and lease renewals. There are no disclosures required under Listing Rule 9.6.13 in respect of Michael Baker's appointment.
Nick Taylor, Chief Executive of Waterman commented:-
" I am delighted to welcome Michael to the Board as Chairman. He is extremely well known in the UK property market. This is an important sector for Waterman from which we generate over two thirds of our revenue. He brings a deep understanding of our market place and I am confident that we will all benefit from his experience. I am looking forward to working with him."
" Meanwhile, I would like to thank Roger Fidgen for his guidance and leadership over the last nine years, especially during the difficult times of the recent recession."
Roger Fidgen, the retiring Chairman commented:-
" Waterman is growing strongly and Michael takes over from me as Chairman at an exciting time in the Group's fortunes."
-ENDS-
Date: 5 December 2014
For further information please contact:
Waterman Group plc Broker Profile N+1 Singer
Nick Taylor, Chief Executive Simon Courtenay Sandy Fraser
Alex Steele, Chief Financial Officer 020-7448-3244 020-7496-3178
020-7928-7888
Web: www.watermangroup.com