10th Jul 2019 10:45
(Alliance News) - Gateley Holdings PLC announced on Wednesday that Michael Ward will leave his post as chief executive on April 30, 2020 and will be replaced by Rod Waldie.
Waldie, who joined Gateley in 2010, is the senior office partner in the legal advice firm's Manchester location and is also head of the company's national property team.
Gateley said that Ward will remain on the board and retain a "significant shareholding" in the company, while also remaining responsible for the group's non-legal business.
Nigel Payne, a non-executive chair, said: "We are delighted that Rod has agreed to lead the business, when Michael stands down as chief executive officer in April next year. We are also delighted that after standing down, Michael's commitment to the group will continue both as an executive director and as a significant shareholder.
"Our choice of an internal appointment to succeed Michael and our early addressing of succession allow for a smooth transition to a highly successful and respected colleague, who already knows the business, understands our collaborative culture, has excellent client relationships and is committed to the group's growth strategy."
Gateley said that an internal appointment, like Waldie's, was the best way to ensure a sustainable growth strategy and "preserve its culture".
Waldie will join the company's board on May 1 and initially will shadow Ward in all chief executive-related duties.
Gateley shares were down 0.7% at 164.80 pence in London on Wednesday.
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