German American Bancorp, Inc. (GABC) Announces Executive Management Succession Plan

JASPER, Ind., July 01, 2020 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ: GABC) has announced several pending changes to its executive management group as part of an ongoing management succession plan.  The Company’s Board of Directors, at its recent annual reorganization meeting, approved the following promotions effective as of January 1, 2021:  Clay W. Ewing will be assuming the newly created position of Vice Chairman, D. Neil Dauby will be assuming the position of President & Chief Operating Officer and Bradley M. Rust will assume the position of Senior Executive Vice President.

Mr. Ewing, who has been with German American for the past 26 years and has over 41 years of banking industry experience, currently serves as the Company’s President & Chief Banking Officer.  Clay, who has served in various corporate positions since 1999, including chief banking officer responsible for all areas of the Company’s banking line of business, will assume a senior advisory capacity position in his new role as Vice Chairman in anticipation of his expected retirement during the second quarter of 2021.

Mr. Dauby, who joined German American in 2001, having previously served in affiliate and regional president roles with the Company, has overseen the Company’s commercial banking operations since 2016 in his current position of Executive Vice President & Chief Commercial Banking Officer.  Prior to joining German American, Mr. Dauby, a graduate of Western Kentucky University in Bowling Green, Kentucky, was a CPA with sixteen years of leadership experience with regional accounting firms in various Kentucky markets, including Bowling Green and Owensboro, which are part of German American’s footprint.  As President & Chief Operating Officer, Neil will assume direct operating responsibility for all facets of the Company, reporting directly to Mark Schroeder, Chairman & CEO.

Mr. Rust joined German American in 1999 in connection with the Company’s merger with 1^ST Bancorp of Vincennes, Indiana.  He has more than 30 years of banking experience, having previously served as a federal bank examiner as well as in various capacities within the accounting and finance functions for 1^ST Bancorp and German American.  Brad, who has been German American’s Chief Financial Officer since 2005, currently serves as Executive Vice President & CFO for the Company.  In his expanded role as Senior Executive Vice President, Mr. Rust will assume more extensive involvement in the executive oversight of the operations of the Company’s business units, as well as continue in his present role as Chief Financial Officer with responsibility for the Company’s accounting and finance functions, including mergers and acquisitions, institutional research and shareholder relations.