Bellway CEO to replace Chairman in 2013

House-builder Bellway revealed that its Chairman will be replaced by its Chief Executive next year, as it said that it will beat the current consensus estimate for pre-tax profit this year.

House-builder Bellway revealed that its Chairman will be replaced by its Chief Executive next year, as it said that it will beat the current consensus estimate for pre-tax profit this year.

Non-executive Chairman Howard Dave, who has been with Bellway since 1961, is to retire on January 31st 2013 and will be succeeded by John Watson who will be stepping down as Chief Executive on the same date. Watson, who has been working for the firm for 34 years, will be replaced by Ted Ayres.

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