Bangor Savings Bank has taken a major step toward its planned leadership change with the appointment of Bob Montgomery-Rice as president, effective Jan. 1, the bank said Wednesday.

Montgomery-Rice will complete the transition by replacing current top executive Jim Conlon as CEO on April 1, the bank said.

Bangor Savings said in February that Conlon planned to retire in spring 2015, and Montgomery-Rice had been chosen to replace him.

Since joining the bank in 2004, Montgomery-Rice, has worked in a variety of executive leadership roles including as head of the consumer banking, information technology, human resources and real estate management departments.