On March 25, 2020, Gregory B. Lykins, the Chairman of the Board of Directors of First Busey Corporation, informed the Board that he would step down from Chairman of the Board effective July 22, 2020. Although Mr. Lykins is stepping down as Chairman, he will remain on the Board as Vice Chairman and a senior advisory employee of the Company. The Company continues to have a Lead Independent Director. Current Lead Independent Director is Mr. Stanley J. Bradshaw. The Nominating and Corporate Governance Committee of the Company recommended and the Board appointed Van A. Dukeman to succeed Mr. Lykins as Chairman of the Board effective July 22, 2020. Mr. Dukeman will remain President and Chief Executive Officer of the Company, as well as Chairman of the Board.