Indiana’s 1st Source Corp. announces leadership succession plan

South Bend, Ind.-based 1st Source Corp. named Andrea Short president and CEO. Short is expected to remain CEO of 1st Source subsidiary 1st Source Bank. .Short’s appointment came as First Source Corp. President, Chair and CEO Christopher J. Murphy III plans to step down as CEO and transition to executive chair of both the holding company and subsidiary 1st Source Bank.The changes are effective Oct. 1. Short is seen as a driving force behind 1st Source’s operational success since joining the company in 1998 to lead the tax division. A CPA and alumna of Alma College in Michigan, Short has completed executive programs at the University of Chicago, Northwestern University, and Harvard Business School. Chief Digital Officer Kevin Murphy, who represents the fourth generation of family leadership at the company, will become president of $9.1 billion 1st Source Bank. Over his 19-year tenure, he has served as regional president, CIO, and, most recently, chief digital officer. Murphy expressed confidence in Short’s leadership. “She has demonstrated time and again her commitment to the values of the company,” he said. “I could not be more pleased nor more excited to turn the CEO role over to a servant leader with such depth and experience.”