German American Adds to Executive Team
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Jasper-based German American Bancorp Inc. (Nasdaq: GABC) has made more changes to its executive management team. As preparations continue for its previously-announced CEO transition, the bank has promoted two senior vice presidents to C-suite level positions.
German American says Amy Jackson, who currently serves as senior vice president of administrative development and strategic planning, will be promoted to executive vice president and chief administrative officer.
Additionally, Clay Barett, who currently serves as senior vice president of technology and operations, will be promoted to executive vice president and chief digital and information officer.
“The addition of Amy and Clay to our Executive team further strengthens an already talented team with decades of banking and leadership experience,” said Neil Dauby, incoming chief executive officer of German American. “I have the utmost confidence in their abilities and look forward to their continued contributions to our organizations success.”
In July, the bank announced CEO Mark Schroeder will transition to the newly-created role of executive chairman with Dauby succeeding him as president and CEO. Additionally, Chief Financial Officer Bradley Rust will add the titles of senior executive vice president and chief operating officer to his duties.
“As I have previously stated, German American is very fortunate to have an extraordinary depth of talent within the ranks of our existing executive and senior management group,” said Schroeder. “This depth of talent allows for the successful transition of our executive management succession plan, while continuing to drive organic and merger-related growth. I am extremely confident in the ability of this executive team to take German American to even higher levels of performance in the coming years.”
All of the changes, including the new promotions, will go into effect January 1.