Former Wates boss handed £1m compensation payment in wake of departure last year

By Daniel Gayne2023-04-17T12:45:00

David Allen, Chief Executive, Wates Group

Boardroom wrangle saw David Allen leave last summer

Wates handed its former boss David Allen nearly a million pounds in compensation last year after he left the company amid reports of a boardroom bust-up.

According to the contractor’s full accounts for 2022, the Cardiff-born executive was paid £992,000 in “compensation for loss of office”, on top of a £491,000 salary.

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