Old National Bancorp in Evansville, Ind., will soon have its first new CEO in 14 years.
The $19.5 billion-asset Old National said in a press release Wednesday that Bob Jones will retire on May 2. Jones has been the company’s CEO since September 2004.
Jim Ryan, the company’s chief financial officer, will succeed Jones. Brendon Falconer, Old National’s treasurer, will become CFO. The company plans to hire a new treasurer.
Jim Sandgren will remain Old National’s president and chief operating officer.
Jones, 61, will continue to serve as Old National’s chairman through January 2020.
“Throughout my 14 years at Old National, I have drawn energy and excitement from seeing the entire organization, and the tremendous people I have worked alongside, grow and thrive,” Jones said in the release.
“As I prepare to turn the mantle over to Jim Ryan and an outstanding team of executive leaders, I’m still fueled by that same sense of energy and excitement,” Jones added. “The future of Old National is incredibly bright, and it continues to be an absolute pleasure to watch this company evolve, thrive and serve the needs of our clients and communities.”
