Last year, the firm expanded into the Chinese market in a joint venture with brewing giant Budweiser.
Brewdog’s revenue grew to £321.2m in the 2022-23 financial year.
Company chairman Allan Leighton said “few have accomplished” what Mr Watt has.
He said: “I am especially pleased he will continue to offer his insight, creative genius and energy to the board.”
Mr Watt will be replaced by James Arrow, who was hired as chief operating officer last September as forward planning for Mr Watt’s replacement.
He was previously managing director of Boots Opticians.
Before this, he spent a decade at Dixons Carphone, where he held senior roles across e-commerce, trading, operations, sales and transformation.
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