German American Bancorp, Inc. (GABC) announced next steps in leadership succession by appointing current Director and Chief Executive Officer, Neil Dauby, to succeed retiring Mark Schroeder as Chairman of the Board, and Brad Rust as President for both the holding company and the bank. Mr. Dauby joined German American Bank in 2001. He served in various capacities as affiliate and regional president roles and corporate positions including Executive Vice President-Chief Commercial Banking Officer and President & Chief Operating Officer before becoming the Chief Executive Officer on January 1, 2022.

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 public accounting firms in various Kentucky markets, including Bowling Green and Owensboro, which are a part of German American's footprint. In addition to being responsible for the overall vision, strategy and execution of the Company as CEO, Dauby will provide leadership, administration and oversight to the Board of Directors. Mr. Rust joined German American in 1999 in connection with the Company's merger with 1ST 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 1ST Bancorp and German American Bank. Brad, who has been German American's Chief Financial Officer (CFO) since 2005 and Chief Operating Officer (COO) since January 1, 2022, currently serves as Senior Executive Vice President for the Company. In his expanded role as the President, Mr. Rust will provide executive oversight over all operations of the Company, while also continuing in his present role as CFO whose duties include mergers and acquisitions, institutional research and shareholder relations.