Capital Southwest, a venture capital/business development investment company, has announced that Joseph B. Armes will succeed Gary L. Martin as president and CEO. The transition will take effect June 17, 2013. Mr. Armes has been serving as president and CEO of a family investment vehicle since 2010. He also served as chief operating officer of Hicks Holdings from 2005 to 2010. Outgoing president Gary Martin will continue to serve as executive chairman of the board through December 31, 2013 and will serve as non-executive chairman of the board through the remainder of his term.