leadership
confidence high
sentiment neutral
materiality 0.65
1st Source names Andrea Short CEO; Chris Murphy III becomes Executive Chairman effective Oct 1
1ST SOURCE CORP
- Christopher J. Murphy III steps down as CEO, becomes Executive Chairman of 1st Source Corp and Bank effective Oct 1, 2025.
- Andrea G. Short promoted to CEO of 1st Source Corp; she remains President of Corp and CEO of 1st Source Bank.
- Kevin C. Murphy promoted to President of 1st Source Bank; he remains EVP of the Corp and is son of Chris Murphy III.
- Brett A. Bauer promoted to Executive Vice President, CFO and Treasurer of Corp and Bank.
- Company has $9.1 billion in assets; succession designed as multi-year strategy for continuity.
item 5.02item 9.01