Phillippa Prongu茅 joins Wates Residential in the new year to take over from Helen Bunch, who is retiring after 19 years with the company.
Prongu茅 joins from Bouygues UK where she is managing director for London and the southeast. She previously spent 15 years with Kier, including two years as corporate development director from 2018 to 2020.
Since Helen Bunch took charge of it in 2020, Wates Residential has seen 150% growth and a 73% increase in operating profit.
Prongu茅 is taking on a division with more than 10,000 homes in delivery or development pipeline for the next five years.
Chief executive Eoghan O鈥橪ionaird said: 聽鈥淎ll of us at Wates are grateful to Helen for her exceptional leadership and contribution to the group. Our residential business has grown significantly under her stewardship thanks to her drive, determination, and commitment to our purpose of delivering much needed high-quality homes for those that need them most. We will all miss her greatly and wish her the best for her retirement.
鈥淟ooking to the future, we are delighted to have Pip come on board to continue this work with her proven track record across the sector that spans many high-profile and large-scale regeneration and residential-led development schemes.
鈥淗er expertise and knowledge will support us in driving forward our strategy, building on existing partnerships, and realising new opportunities for residential development across the UK.鈥澛�
Phillippa Prongu茅 said: 鈥淚t鈥檚 an exciting time to be joining the residential business at Wates. It has already seen immense growth under Helen鈥檚 direction. I look forward to joining a team of talented people whose expertise, ingenuity, and diligence has resulted in an exceptional business with a clear purpose, culture, and ambition.鈥�
Helen Bunch added: 聽鈥淎fter an incredibly rewarding 19-year career with the Wates Group, I have taken the decision to retire. I am pleased to be handing over to Pip who I know will continue to support the fantastic work that the residential team is doing to deliver the safe, sustainable and low-carbon buildings and infrastructure the UK needs.鈥澛�
Wates is also in the process of hiring a new managing director for its London region and several leadership roles within its development team to further expand the residential business.
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