Centex Homes, the Sacramento region's leading homebuilder, confirmed this afternoon it has named a new division president, Mike Wyatt, to replace former president Doug Pautsch (pictured at right).
The big Dallas builder says the move is part of a consolidation move, folding its Central Valley and Reno divisions into one based in Sacramento.
Pautsch has left the company after heading the Sacramento division since early 2006, said Centex spokesman Eric S. Bruner. In a statement Brunner said, "Doug has been a dedicated and valuable leader at Centex and we wish him the best."
Pautsch declined comment Tuesday. He said in a brief phone conversation only that he plans to stay in the Sacramento region and work in the building industry.
Wyatt is an old pro at Centex. He most recently headed the Dallas builder's Visalia-based Central Valley division. He has also headed Centex divisions in Las Vegas and Myrtle Beach, S.C. In 2005 he was named by Home Builder Executive Magazine one of the "Top 200 Home Builder Division Presidents in the nation." The award recognizes presidents who had the most closings in the previous year.
Centex, under Pautsch, ranked number one among the capital region's builders, with 313 sales from January through May, according to consultant Hanley Wood Market Intelligence of Costa Mesa. Hanley Wood also ranked Centex first for sales under Pautsch in the region in 2007 and second in 2006.
It's the second builder consolidation announced in recent days. Irvine-based John Laing Homes has folded its Bay Area and Central Valley divisions into one based in Sacramento.
Home Front will miss Pautsch at Centex. He could grouse and complain about negative real estate coverage, but he answered the hard questions straight up.
Photo credit: Building Industry Association