Sir William Wells steps down as Restore chair

Office services provider Restore announced on Tuesday that Sir William Wells has advised the board that he will retire as chairman on 31 December, and step down from the board following the release of its full year results on 13 March next year.

The AIM-traded company said he would be succeeded as chairman from 1 January by Martin Towers, who joined the board as a non-executive director on 1 September this year.

“On behalf of the board, I would like to thank Sir William for his leadership over the past eight years and the significant contribution he has made to the strong growth of Restore during that time,” said director Charles Skinner.

“On a personal note, I would like to thank Sir William for his wise counsel and invaluable support.

“Martin is an able and experienced public company chairman and I look forward to working closely with him,” he added.

Chairman-designate Martin Towers said he was “looking forward” to succeeding Sir William and leading the board in executing the growth strategy, which had delivered “such significant value” for shareholders.

“Restore is a leading operator in UK office services with clear opportunities in each of its businesses and I'm delighted that I will be so closely involved in the next stage of its development.”