(Editor’s note: This post was updated at 11:50 a.m.)

Insider Louisville just received confirmation of Jody Wassmer’s resignation at One Southern Indiana.

Matt Hall, vice president of economic development at 1SI will replace Wassmer as interim president and CEO, according to the release.

Insider Louisville broke the story yesterday afternoon.

The group did not include an explanation as to why Wassmer is leaving after only three months.

In a brief interview, Wassmer said, “What it boils down to is, this was a personal decision … to return home to Owensboro, where my two teenage sons live.”

Wassmer added that he “hopes I’ve made a positive contribution in my brief time here. The program is strong here. The decision is due to my ties to Owensboro.”

He said he told 1SI executives of his decision early in the week, and they requested he stay till Friday, his final day at the chamber/economic development group: “One Southern Indiana has been very supportive of my decision.”

Asked if his resignation is related to a 2011 lawsuit, since dismissed, that he used a business credit card for personal expenses while president of the Owensboro, Ky. chamber, Wassmer said, “No, that was all done in September. That’s completely unrelated.”

The suit was dismissed in January. An Owensboro chamber employee was fired after she alledged that Wassmer had used a chamber credit card for a personal trip to Chicago.

She sued, but the courts ruled that Kentucky is a fire-at-will state. However, the case did not appear to rule on the merit of the allegations.

More as we know more.

Here’s the release in full:

ONE SOUTHERN INDIANA HEAD RESIGNS

Search for Successor Underway

Jody Wassmer, the president and CEO of One Southern Indiana, has resigned his position with

the organization. Wassmer plans to return to Owensboro at the end of this week to be in closer

proximity to his family.

Matt Hall, Vice President of Economic Development for One Southern Indiana, will act as

interim president and CEO until a successor is named. His tenure and deep understanding of

the organization and the needs of its members will ensure that strategic initiatives continue to

progress.

According to Vaughan Scott, chairman of the group’s board, the search for a successor is

already underway, and that One Southern Indiana is confident that an experienced candidate

will be identified in the coming months.

“We appreciate the energy that Wassmer brought to the organization, and wish him well,” Scott

said. “Hall is very capable of leading the organization during this interim period, and we look

forward to installing a new president and CEO.”

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About One Southern Indiana: 


One Southern Indiana is a business advancement organization dedicated to supporting

entrepreneurship, existing business growth, and attracting new enterprises to the Southern

Indiana/Greater Louisville region. Representing more than 1,200 businesses, One Southern

Indiana provides its clients with business intelligence, advocacy, and connections for solutions

in support of regional business innovation. Since its creation in July 2006, One Southern

Indiana’s economic development efforts have resulted in commitments for approximately 6,813

net new jobs in Clark and Floyd counties. A total of 84 attraction and expansion projects are

investing more than $392 million in new initial capital and more than $241 million in new annual

payroll to Southern Indiana. To learn more, please visit www.1si.org.