Evansville-based Old National Bancorp announced CEO Bob Jones will retire from the post after more than 14 years.
Jones, 61, will continue to serve as Old National’s chairman of the board, through January 2020, after his retirement as CEO.
The bank's board appointed Jim Ryan, currently Old National’s chief financial officer, to succeed Jones as CEO.
Ryan will transition to CEO on May 2. At that time, current Old National Treasurer Brendon Falconer will succeed Ryan as CFO. A new treasurer has not yet been named.
Additionally, Jim Sandgren will continue to serve as Old National’s president and chief operating officer.
Jones is native of Cleveland, Ohio and became CEO of Old National in September 2004. Prior to that, he served for 25 years at KeyCorp in northern Ohio.
Ryan has helped Old National’s expansion into numerous growth markets, including Ann Arbor and Grand Rapids, Mich.; Madison, Wis..; and the Twin Cities in Minnesota. A native of Michigan, Ryan joined Old National in 2000 as assistant treasurer and was later promoted to treasurer.
Sandgren, who has more than 20 years of banking experience, has held numerous leadership roles at Old National. In 1997, he assumed responsibility for the commercial lending division. In 2004, he was promoted to chief credit officer of the bank's southern division, and in 2007 he became southern region CEO. He has been Old National’s president and COO since 2016.
Falconer will replace Ryan as Old National CFO. Falconer joined Old National in 2009 as bank controller and has served in several leadership roles since, including oversight of the bank’s FDIC-assisted acquisition of Evansville-based Integra Bank. Falconer has nearly 20 years of financial industry experience.
Old National Bancorp is the holding company of Old National Bank. The bank has more than $19.5 billion in assets and nearly 200 locations spread across in Indiana, Kentucky, Michigan, Minnesota and Wisconsin.
