EVANSVILLE, Ind. — Robert G. Jones, most recently chief executive officer of KeyCorp's McDonald Investments, Inc. unit, has been elected president and CEO and a member of the board of directors for Old National Bancorp.

Old National also separated the positions of chairman and CEO, naming Larry Dunigan chairman. A director of Old National since 1982, Dunigan has served as interim chairman since the retirement earlier this year of James Risinger. Michael R. Hinton continues as chief operating officer of Old National Bancorp and president of Old National Bank. He was appointed senior executive vice president of the holding company.

"We are particularly pleased to have an executive of Bob Jones' stature and experience join Old National as chief executive officer," Dunigan said. "In a variety of senior responsibilities at a major regional banking organization, he has demonstrated exceptional leadership talent in guiding teams."

Jones said that among the characteristics that attracted him to Old National are the organization's deep-rooted sense of community and its tremendous opportunities.

Jones will officially assume the responsibilities of CEO on Sept. 7. He served as CEO of McDonald Investments since 2002.