Equity CEO Steve Wathen has purchased president Tim Galvin‘s share of the company.

The Dublin-based real estate development and construction firm also hired Andy Johanni as vice president of construction services. Johanni left Turner Construction, where he was involved in major projects including the Miranova Office Building and Residential Tower, IBM Data Center and The Ohio State University Stadium Renovation.

Wathen describes the ownership/leadership changes as friendly, and says he and Galvin will remain partners in other business ventures.

Frank Gates Service Co. named Cindy Morse senior vice president, Ohio Self-Insured Department. Morse has more than 25 years experience in the workers’ compensation field and has been with Frank Gates for 21 years. She will oversee self-insured claims services for the Midwest region.

Morse previously was vice president of the Ohio self-insured department. Prior to moving to Frank Gates, she worked as claims director for the Ohio Bureau of Workers’ Compensation. Morse is a member of the Self-Insured Association.

The Ohio State University’s Fisher College of Business professor of finance Rene Stultz was elected vice president of the American Finance Association (AFA). A member of the AFA board of directors since 1988, Stultz will serve as vice president in 2002, president elect in 2003 and president in 2004.

Stultz is the Everett D. Reese Chair of Banking and Monetary Economics at Fisher College and is known for his research in risk management, derivatives, corporate valuation and investments.

Neal E. Arnold, appointed executive vice president and chief financial officer, will lead Fifth Third Bank’s Investment Advisors division.

Arnold joined Fifth Third’s Treasury Division in 1990, was appointed chief financial officer in 1998 and is responsible for investment portfolio management, funding, asset liability management, institutional investment sales and trading and investor relations functions.

He will lead the bank’s wealth management arm, which is one of the largest money managers in the Midwest. It has $182 billion in assets under care, of which it manages more than $31 billion.

Mills James Productions has hired Bob McWilliams as human resources manager.

McWilliams will oversee the company’s human resources needs, including regulatory compliance issues, benefits administration, employee relations, recruiting and hiring.

McWilliams was previously with Shaw Video Communications and Rax Restaurants, and has more than 20 years experience in operations, production, marketing and human resources, as well as PHR certification in human resources.

Debra P. Moore, senior vice president of human resources for OhioHealth, has been appointed to the Governor’s Workforce Policy Board, replacing Jeffrey P. Dunlap of Dublin, who resigned.

Executive Staffing Solutions has moved from 445 Hutchinson Ave., Columbus, to 150 E. Wilson Bridge Road, Suite 50, Worthington. The telephone number, 885-8490, remains the same.