Waterman Group Strengthens Team With Newly Appointed Chairman Michael Baker

LONDON, February 10, 2015 /PRNewswire/ --

Waterman Group's newly appointed Chairman Michael Baker is injecting drive and initiative into the rapidly expanding business, which has seen a 20% growth of its revenue in the last year.

The rapid expansion follows a major restructure and change of focus of the company from an international profile to a specialist firm with a primary focus on the UK market, where new opportunities are now generating 90% of the company's revenue.

Michael Baker will be an invaluable asset for Waterman as it strives to meet its growth target of tripling adjusted profit before tax over the next three years. He was Chief Executive of Baker Harris Saunders Plc, the first firm of Chartered Surveyors to float on the London Stock Exchange. He was also a Non-Executive Director of property company Halladale Group PLC throughout most of its time as a quoted company. Baker is a chartered surveyor who brings over 40 years' experience in the UK property and construction markets. He has been Chairman of several RICS committees and was previously Master of the Chartered Surveyors Livery Company.

Nick Taylor, Chief Executive of Waterman, commented: "I am delighted to work with Michael. He is extremely well known in the UK property market which 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. We have had a very encouraging start, and I am looking forward to working with him."

Commenting on his role as Chairman, Baker said: "It is a great honour and responsibility to work with Waterman Group. They have a solid business strategy, and I firmly believe the company have some of the best people in the industry, who can ensure continuing success, and more importantly, value-added services to its longstanding and new clients."

Whilst the new strategy is rapidly taking shape the company is also undergoing a major refresh of its brand during 2015 to reflect its new position in the market place and its ambitions for the future.

Among many recent success, Waterman was involved in the design of the recent award-winning Everyman Theatre, which scooped the RIBA Stirling Prize Award for best new building of the year.

About Waterman Group 

Waterman Group is a multi-disciplinary consultancy providing sustainable solutions to meet the planning, engineering design and project delivery needs of the property, infrastructure, environment and energy markets. Founded in 1952 and listed on the London Stock Exchange since 1988, Waterman has grown into a leading engineering and environmental consultancy with offices throughout the UK, Europe and Australia. Waterman works with government agencies, local authorities, government-regulated industries and private sector clients to provide innovative, sustainable and economic solutions across a wide spectrum of business activities. The firm has extensive experience in property and buildings, environmental consultancy, power and energy, roads, highways and rail infrastructure, urban and regional planning. Award winning teams provide professional services throughout the complete life cycle of the asset starting from initial surveys and concept planning, through to design, delivery, project management, supervision and on-going maintenance. See more information on http://www.watermangroup.com

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SOURCE Waterman Group PLC