American National Bankshares' Charles Majors To Retire As Executive Chairman

(RTTNews) - American National Bankshares Inc. (AMNB), parent company of American National Bank and Trust Co., said Friday that Charles Majors will retire from his role as Executive Chairman on December 31.

As the final step in the company's succession plan, he will transition to non-executive chairman of the boards of the company and the Bank and will continue to be involved in the strategic direction of both.

Majors became President of the company and the Bank in January 1993 and Chief Executive Officer of both entities in January 1994. He continued in those roles until the company's management succession plan was established four and one-half years ago. In June 2010, Jeffrey Haley was named President of the Bank and Majors was named Bank Chairman. On January 1, 2012, Majors became Chairman of the company and Haley became President of the company and President and Chief Executive Officer of the Bank. One year later, Haley became President and Chief Executive Officer of the company and the Bank and Majors was named as the full-time Executive Chairman of both entities.

American National Bankshares also said its Board of Directors has elected R. Helm Dobbins, Dabney Gilliam Jr., H. Gregg Strader and William Traynham as Executive Vice Presidents of the company effective January 1, 2015. Dobbins also serves as Executive Vice President and Chief Credit Officer of the Bank. Gilliam is the Bank's Executive Vice President and Chief Administrative Officer. Strader serves as Executive Vice President and Chief Banking Officer of the Bank and Traynham is Executive Vice President and Chief Financial Officer.