Bank OZK Names Tim Hicks Next CFO, Cindy Wolfe Next COO

Bank OZK Names Tim Hicks Next CFO, Cindy Wolfe Next COO
Tim Hicks (Jason Burt)

Bank OZK of Little Rock has named Tim Hicks its next chief financial officer and Cindy Wolfe its next chief operating officer. 

The moves are set to take effect in June after the departure of current CFO Greg McKinney, who is retiring after 18 years with the company. The bank reported the leadership changes in a Form 8-K filed Monday with the SEC. American Banker first reported the moves.

Bank OZK said in the filing that Hicks, the company's chief credit and administrative officer, will replace McKinney as part of a longstanding succession plan that should provide a "smooth and orderly transition." 

"The Company greatly appreciates Mr. McKinney’s hard
work, dedication and leadership throughout his nearly two decades of service to the Company, its customers and its shareholders and wishes him well in his retirement," the filing says.

Hicks has 28 years of finance, accounting and managerial experience. He has spent the past 12 years with Bank OZK. Prior to his current position, he held roles at the bank in investor relations and corporate finance.

Hicks is a CPA and holds a bachelor's in business and economics from Hendrix College. He's a member of the 2010 class of Arkansas Business' 40 Under 40.

Wolfe, the bank's next COO, has been with Bank OZK since 1997 and currently serves as its chief banking officer. She was previously Bank OZK's deputy director of community banking, overseeing its middle market commercial real estate business unit and offices across North Carolina and South Carolina. She opened the bank's Charlotte loan production office in 2001 and later became president of its Charlotte market and president of the Carolinas market.

Wolfe holds a bachelor's in business administration from Queens University in Charlotte and is a Certified Commercial Investment Member.

As part of the reorganization, Bank OZK Chairman and CEO George Gleason will become chairman of its loan committee.

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