Watt will be responsible for the development of editorial content on the Daily Record website, plus those of sister titles, the Sunday Mail and Business 7.
He will also play a key role in the future planning to transform the editorial operations into a fully integrated multi-media environment.
Iain Hepburn will continue in his role as Online Editor, responsible for the day-to-day running of the Daily Record and Sunday Mail websites.
Ewan Watt said: "My role will be more of a strategic and developmental one, particularly as we fully integrate the print and online sides of our newsroom.
I will also be heavily involved in helping the advertising and marketing teams to identify ways of bringing in revenue through ads and sponsorship."