Two new divisions have been created to achieve the target: the North East,based in Newton Aycliffe, Co. Durham and Western at Chipping Sodbury, Glos,while further property will come on stream through the repositioning of somehigh value Persimmon and ex Beazer stock within the portfolio.Watt has been with Persimmon for 13 years and became managing director ofCity Developments in 1999.
John White, Persimmon chief executive, said 'Steve has prove that he haswhat it takes to build both profits and profile and was responsible for someof our flagship developments in the Thames Valley and London. CityDevelopments has been hugely successful.'
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