Evansville-based Old National Bancorp officially made its change at the top May 2, with Chief Financial Officer Jim Ryan taking over as chief executive officer. He succeeds Bob Jones, who is retiring after 14 years leading the banking company. Jones says Ryan oversaw Old National’s growth into new markets including Indianapolis, Michigan, Wisconsin and Minnesota, making him the "perfect successor."
During a Studio(i) interview with both, Jones called Ryan the "architect of our transformational strategy."
Jones says, while the company loves being headquartered in southern Indiana, there wasn’t enough growth potential there. He says the move into "higher-growth markets" has allowed the company to expand its footprint.
Ryan has been with Old National since 2000, first as assistant treasurer, then treasurer. He spearheaded the banking company’s acquisition of St. Joseph Capital Corp. in Michiana and is chair of the Economic Development Coalition of Southwest Indiana. Jones will continue to serve as Old National’s chairman of the board through January 2020.