Guaranty Federal Bancshares in Springfield, Mo., has elected James Batten, a director of the company since 2006, as its next chairman.

The $652 million-asset holding company for Guaranty Bank said Batten will become chairman May 25, when the current chairman, Don Gibson, will step down, having reached the company's mandatory retirement age of 72. Gibson has been Guaranty's chairman since 2005 and a director since 2002.

Batten, a CPA, founded his own consulting firm in 2014. Before that he led operations at Convoy of Hope, a faith-based outreach organization, and before joining Convoy of Hope he headed operations at the faith-based AG Financial Solutions. He also led finance and accounting at O'Reilly Auto Parts, which he took public in 1993.

Batten's "accounting expertise, public company background, and community involvement make him an ideal leader for the board," Guaranty Federal said in a news release Wednesday.

Guaranty also announced Wednesday that it had elected John Griesemer vice chairman of the company and bank. Griesemer, a director of the company since 2008, is executive vice president, chief operations officer and a member of the board at Springfield Underground, a privately held construction materials suppliers and real estate developer.

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