Old National Changes ‘Deepen Our Bench Strength’
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowEvansville-based Old National Bancorp. (NYSE: ONB) has announced several executive changes. They involve positions including president, chief operating officer, chief financial officer and four executive vice presidents.
The moves have been announced on the same day Chief Executive Officer Bob Jones takes over as chairman of the Old National board. He succeeds Larry Dunigan, who had been with the board for 34 years.
The changes are:
Jim Sandgren, former chief banking officer, has been named president and chief operating officer. Jones previously served as president. Old National says Sandgren will be responsible for "the majority of revenue areas within the company."
Jim Ryan, former executive vice president of corporate development and mortgage banking, is now senior executive vice president and chief financial officer. The company says the move places finance, investor relations and corporate development and strategy "under one umbrella."
Ryan will succeed Chris Wolking in the role of CFO, as Wolking is now senior executive vice president of capital markets & specialty products. The newly-created position involves management of indirect lending, mortgage banking and capital markets.
Old National says Daryl Moore will serve in the "elevated and expanded" role of senior executive vice president and chief credit executive.
Scott Evernham has been named executive vice president of Old National Wealth Management and chief talent development manager, a newly-created role. Evernham was previously president of Old National Insurance, which was sold earlier this month for $93 million to Prime Risk Partners and is now called ONI Risk Partners.
Evernham will succeed Carrie Ellspermann in the EVP role. Old National says Ellspermann will focus on executive development and leadership development throughout the company, as well as champion a new Women’s Executive Development Resource Group.
Jones says "these leadership changes position Old National to take the next step on our high performance journey by enabling us to better focus on emerging growth areas. In addition, these actions deepen our bench strength and allows for natural leadership succession."
This month, the company closed on its $460 million merger with Anchor BanCorp Wisconsin Inc.