Greg Allen was named CEO of investment consultant Callan Associates, effective Sept. 1, the company announced in a news release Monday.
Mr. Allen, currently president and director of research, will succeed current CEO Ron Peyton. Mr. Peyton, who is also chairman, will take on the title of executive chairman. Mr. Allen will retain his position as president.
"We are continuing the rollout of a succession plan that was put in place 10 years ago," Mr. Peyton said in the news release. "Greg and I have been managing the firm together since that time. No reporting lines are changing aside from Greg reporting to the board, and I will continue to be an executive of the firm, involved in day-to-day management, and working with our valued clients."
Callan spokeswoman Karen Witham could not be immediately reached to provide further information.