Home BancShares Inc. of Conway on Thursday announced that longtime CEO Randy Sims retired effective immediately, and Chairman John Allison will serve as president and CEO of the publicly traded parent company of Centennial Bank.
Sims also served as executive chairman and president of Centennial and president and vice-chairman of Home BancShares.
"I appreciate the many years of service that Randy Sims committed to this organization, and we all wish him much happiness in his retirement," Home BancShares Chairman John Allison said in a news release.
"The past twenty-plus years have been the best of my life, from starting our first office in a mobile home to being named Forbes Best Bank in America," Sims said. "However, at sixty-five years of age, it is now time for me to concentrate and spend time with my incredible wife, my five children and 6 grandchildren and the life adventures ahead of us."
The company said that Jack Engelkes, director of Home BancShares, has been named vice- chairman of Home BancShares and Tracy French, president and CEO of Centennial Bank, will also become chairman of Centennial Bank.
Engelkes was a founding director at Centennial Bank and has been a director of Home BancShares since 2004.
"He has a great deal of knowledge of the operations of this company and cares about its success. I am very pleased to have Jack step into the role of vice-chairman of Home BancShares," Allison said. "I'm also very pleased that Tracy French will serve as chairman of Centennial Bank, in addition to his current responsibilities with the bank."