Centex Homes names new CEO.

By Daniel Walker Guido

Dallas-based Centex Homes has promoted president and COO Andrew Hannigan to the position of CEO. Robert Hillmann will take over as COO. Both promotions are effective April 1, 2002.

Hannigan, 49, has served as president and COO of Centex since 1997. He will retain his title of president while succeeding Timothy R. Eller as CEO. Eller will become president and COO of parent company Centex Corp., also on April 1.

Hannigan has worked for Centex for 25 years. He started as a staff accountant in Chicago, where he quickly became an assistant controller and then controller of the company's Illinois division. He also served as a division president in Orlando, Fla. He was promoted to an executive vice president's position for all Centex Homes' Florida operations.

Hillmann, 51, has been executive vice president of the Mid-Atlantic region, which covers operations from New Jersey to South Carolina, since 1995. Hillmann also will retain the title of executive vice president.

Centex operates in approximately 80 markets in 23 states. The company expects to deliver more than 21,000 homes during its current fiscal year, which ends March 31, 2002.