Capital Southwest Corporation Names New President and CEO; Gary L. Martin Announces Retirement

On June 5 RectorSeal was happy to meet the new upcoming CEO and glad of the chance to say good-bye to Gary Martin. We wish good luck to both.

“DALLAS, May 17, 2013 (GLOBE NEWSWIRE) — Gary L. Martin, president, chief executive officer and chairman, today announced his planned retirement as president and chief executive officer of Capital Southwest Corporation (Nasdaq:CSWC) effective June 17, 2013. Founded in 1961, Capital Southwest is a publicly-owned Dallas-based venture capital/business development investment company with assets of $660 million.

On May 13, 2013, Joseph B. Armes was named by the board of directors to succeed Mr. Martin as president and chief executive officer, reporting to the board, effective June 17, 2013. The board also appointed Mr. Armes a director of the corporation commencing June 17, 2013. “