Old National appoints Timothy Burke as President and COO, succeeding Mark Sander
Old National Bancorp named Timothy M. Burke, Jr. as President and Chief Operating Officer, effective July 22, 2025, succeeding Mark G. Sander, who has retired. Burke also takes the same roles and a board seat at Old National Bank, the company's subsidiary, and his employment agreement sets a $750,000 base salary and severance terms.
Key points
- Timothy M. Burke, Jr., age 49, previously Executive Vice President at KeyBank, succeeds Mark G. Sander as President and COO
- Base salary of $750,000, target bonus of 100% of salary, and a $600,000 one-time cash signing bonus
- Service-based restricted stock award of 33,000 shares vesting over four years
- Severance equal to two times salary plus target bonus without a change in control, or three times if terminated within 24 months after one
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.