At a December meeting, the Nabholz Board of Directors voted unanimously to name CEO Bill Hannah as Chairman of the Board. Chief financial officer Greg J. Williams will step into the role of CEO. Both positions will be effective Jan. 1, according to the news release.

"Our Board is very pleased to announce the appointment of Bill and Greg to these two important leadership positions," said Chairman Emeritus Charles Nabholz. "These promotions are the culmination of many months of careful succession planning efforts and will assure our clients and shareholders of top quality management for years to come."

Mr. Nabholz added: "Bill has been an outstanding CEO for our company over the past 12 years, and I am confident that he will provide the same strong leadership as our company’s Chairman. I congratulate Bill on receiving a strong vote of confidence from our Board as he becomes the first person outside of the Nabholz family to fill the Chairman’s position. I am also delighted to see Greg step into his new role as CEO. He has proven himself as a strong leader, and he understands the financial and risk management aspects of our business. Preserving Nabholz’ values and high standards has always been his highest priority, and we are confident in his ability to lead the company forward."

As CFO for the past 18 years, Williams, 54, has been responsible not only for Nabholz’ finances, but also for the company’s human resources, legal and risk management, IT, and wellness programs. He joined Nabholz as Controller in 1991 and became CFO in 1995, and he has served on the Nabholz Board of Directors for the past 11 years.

A Certified Public Accountant, Williams earned his bachelor’s degree in accounting from the University of Arkansas. Williams is very active in his community, volunteering for and serving on the boards of numerous community organizations, including the American Red Cross of Greater Arkansas, the St. Joseph School Endowment, and the Conway Regional Physician Hospital Organization. Born and raised in Stuttgart, Ark., Williams now lives in Conway with his wife Doris. They have three daughters: Caitlin, 25; Hannah, 23; and Elise, 19.

"I’m honored by the Board’s trust in me, and I’m grateful for this opportunity to lead Nabholz," Williams said of his appointment as CEO. "I have always told our Board that I feel blessed to be part of such an amazing team and that I will serve however I am needed. We have a strong foundation, and I’m excited about the future of Nabholz."

Hannah expressed his confidence in the Board’s selection of his successor. "Greg is absolutely the right person to lead Nabholz as CEO. I’m very happy with the Board’s decision."

He added: "Over the past several years, Greg has demonstrated a solid understanding of what it takes to build a strong organization. He has a clear vision that will serve him well as he leads the company forward. I can’t think of a better person than Greg for the job."