Old National Bancorp appoints Timothy Burke as President and COO, replacing retired Sander

OLD NATIONAL BANCORP /IN/

Timothy Burke Jr., 49, named President & COO effective July 22, 2025; succeeds Mark Sander who retired.
Burke joins from KeyBank where he was EVP, Head of Central Region and Commercial Bank Field Enablement.
Compensation: $750k base salary, 100% target bonus (2025 minimum $750k), 150% annual LTI equity target.
One-time signing bonus of $600k and 33,000 service-based RSUs vesting over four years.
Severance: two times base plus target without change in control; three times base within 24 months post-change in control.

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