Senior Management Changes at Centex

Dallas, TX, May 19--Homebuilder Centex Corp. announced the expansion of and changes to the company's Senior Management Team. The announcements were made by Timothy R. Eller, who was named Centex's Chairman and Chief Executive Officer effective April 1, 2004. President and Chief Legal Officer Raymond G. Smerge said he will retire on December 31, 2004 after 36 years with the company. He will be succeeded by Brian J. Woram, 43, currently General Counsel of Centex Homes, who will become Senior Vice President and Chief Legal Officer of Centex Corporation next January. Jonathan R. Wheeler, 52, has joined Centex's senior leadership team as Senior Vice President - Organization Development, a newly created position. Woram joined Centex Homes in 1995 and has served in his current position since 1998. Prior to joining Centex Homes, Woram spent nine years in private law practice and two years in the energy industry. He received his law degree from the University of Texas at Austin, where he served on the Texas Law Review.