The $5.2 billion-asset
company said in a press release Thursday that D. Neil Dauby will succeed Mark
Schroeder on Jan. 1. Schroeder will remain chairman.
Schroeder plans to
retire as an executive during the second quarter of 2022 but remain chairman until
German American’s annual meeting the following year, the company said.
Dauby, German American’s
president and chief operating officer, was also appointed to the company’s board.
To accommodate Dauby's appointment, German American expanded the size of its board from
12 to 13 directors.
Bradley Rust will succeed
Dauby as chief operating officer on Jan. 1. He will remain the company’s chief
financial officer. As COO, he will have “more extensive involvement in the
executive oversight of the operations of the company’s business units,” the
release said.
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