Dukeman Stays On as First Busey CEO | Kansas City News

Kansas City News Today | 2 Min News | The Daily News Now! · Jul 18, 2026 · 1m

Van Dukeman is staying on as CEO of First Busey for another three years, extending his leadership until July 2029 — a move the board says is the best path forward after Michael Maddox’s exit earlier this year. Maddox, who was set to take over in 2026 following a major acquisition, walked away with a $4M severance. Dukeman’s new deal includes skipping his usual long-term equity award and instead receiving a $2M stock retention bonus that vests on his contract’s final day. He’s also pledging to hold onto a major stake in First Busey stock for years after leaving — proving his commitment to the…