Watt Enterprises Forms New Management Team

A new executive-level management team responsible for all corporate functions and field operations of Watt Enterprises, the parent organization of Watt Industries, has been announced by Ray Watt, chairman of the board.

David Brown, J. Scott Watt, Judith Hane Leimert and James M. Maginn have been promoted to senior vice presidents and members of the new team, which reports directly to Watt and to the organization’s president, Ken Ramsey.

The management team was formed, Watt said, to provide “strength and capability to ensure continued growth and development of the organization that doubled its sales volume from about $200 million in 1984 to nearly $400 million in 1986.”

Brown, a veteran of 22 years in the baking industry. joined the company last year with primary responsibility for asset management, and will now be responsible for all multifamily and several single-family residential operations. Watt’s son, J. Scott, most recently president of Watt Investment Properties, will be in charge of all retail, commercial and industrial operations. Leimert, with the firm since 1980 and former assistant dean at Whittier College of Law, administers the organization’s legal department.

Chief financial officer Maginn had served with California First Bank.