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Mr Martin, who joined Capital Southwest's board in July 1988, replaces former chairman William Thomas, who has served in a non-executive capacity since his retirement. Mr Thomas will continue to remain involved in the company's strategic direction as an active member of the board of directors.
Martin joined Capital Southwest in 1972 as CFO, subsequently serving as vice president and secretary-treasurer. Prior to joining Capital Southwest, he was president and CEO of The Whitmore Manufacturing Company, a portfolio company of Capital Southwest.
Additionally, the company has appointed Tracy Morris as CFO/treasurer and William Thomas III as assistant vice president.
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