National Home Builder Names New CEO

by David Weekley Homes

The nation's third largest privately-held builder, David Weekley Homes has promoted its President and COO, John Johnson, to Chief Executive Officer. In addition to his current responsibilities as President, Johnson will drive future growth and long-term strategy for David Weekley Homes. David Weekley will remain the Chairman of the Board and will continue to be actively involved in the company.

Johnson joined David Weekley Homes in 1990 following a distinguished career with U.S. Home. During his nearly 15 years with David Weekley Homes, one of Johnson's most notable achievements has been the introduction of the company's Commitment to Excellence program. Highly praised, this program has brought David Weekley Homes to the status of a world-class Home Builder.

During Johnson's tenure the company has achieved record-setting Customer Satisfaction scores and ranked highest in customer satisfaction with new home builders in Dallas/Ft. Worth, Tampa Bay and Austin according to J.D. Power and Associates' New Home Builder Customer Satisfaction Study^SM. Building the company from the inside out has always been a priority for Johnson, and this dedication has earned David Weekley Homes a spot on FORTUNE magazine's list of the "Top 100 Companies to Work For" four times.

"Without a doubt, John has taken this company to a new level.," said David Weekley, Chairman of the Board of David Weekley Homes. "All of us here feel privileged to work alongside of him and learn from his leadership. Under his direction, this company is incredibly well positioned to continue its growth."

With an eye on growth and furthering the company's Commitment to Excellence, Johnson has been instrumental in David Weekley Homes' expansion into 11 of its 18 markets and has been a guiding force behind its introduction of new product lines.

Johnson holds a Bachelor of Science degree from the University of Houston, is married and has four grown children.

About David Weekley Homes

David Weekley Homes, founded in 1976, is headquartered in Houston and operates in 18 cities across the United States. Since inception, David Weekley Homes has closed more than 40,000 homes with 2004 revenues exceeding $1 billion. For more information about David Weekley Homes, visit the company's web site at www.davidweekleyhomes.com.