The Bank Slate


German American lines up next phase of CEO succession

German American Bancorp will have a new CEO next year. 

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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