EVANSVILLE - Evansville-based Old National Bancorp (Nasdaq: ONB) has announced Chief Executive Officer Bob Jones will retire in May, after 14 years with the bank. Chief Financial Officer Jim Ryan, who has been with Old National since 2000, will succeed Jones.

Jones will continue to serve as Old National's chairman of the board 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 - it has been a privilege to lead the company over this period,” said Jones in a news 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. 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."

Jim Ryan joined Old National in 2000 as assistant treasurer, and was later promoted to treasurer. He spearheaded Old National's acquisition of St. Joseph Capital Corp. in Michiana. He is also chair of the Economic Development Coalition of Southwest Indiana and secretary and treasurer of the Southwest Indiana Regional Development Authority.