Home BancShares in Conway, Ark., has shifted several executive roles.
The $22.8 billion-asset company said in a press release that Kevin Hester had become its president. Hester, who was also named president of Centennial Bank, has been the company’s senior lender since its founding.
Hester succeeded John Allison at the company level and Terry French at the bank.
Home said that Stephen Tipton had become its bank’s CEO, succeeding French. Tipton has been chief operating officer since 2015.
Allison will remain Home’s chairman and CEO. French remains the bank’s chairman, which a focus on special projects.
Home and Centennial “are blessed with a deep bench in terms of talent and experience of the management team,” Allison said in the release.
“I view this shift as an opportunity to effectively utilize the depth of our management team in a way that sets us up for the future,” Allison added.